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Everything in the PM sector hangs of this one $GOLD chart below, as its foundation. This is a monthly chart, using the 8 and 21 simple moving averages to generate the BUY and SELL signals. 8 and 21 are Fibonacci numbers.
Below is $USDJPY weekly, with $GOLD:$USD in the background. I am using $USD as the denominator for consistency.
The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.

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