Gold reportedly falls 2% after a purported third topping pattern
A September 28 post said gold fell 2% and pointed to an October 1980 peak in oil as a possible parallel. Its author asked whether gold might foreshadow a stronger dollar and a Bitcoin collapse.
TLDR
A September 28 post claimed gold had fallen 2% after completing a third topping pattern. The author said a third peak in October 1980 marked oil’s top and was followed by a sudden doubling in the dollar’s value. They wondered whether gold now points to a dollar surge and Bitcoin collapse, while stressing that nobody knows what happens next.
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