Gold will stall/revert to near $1708 before moving higher
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I know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk.
The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for.
But, the move upward from these levels is going to be staggered/legged by bullish and bearish price waves - just like price always advances or declines.
The peak for this current move is very near the current highs ($1780).
I'm here to tell you I expect Gold to retrace to levels near $1705~1709 where it will establish a base for the next advancing price trend (targeting $1920~1935).
Get ready. Everything I've been sharing with you over the past 2+ years related to broad market cycles is taking place.
The US Fed has inadvertently trapped foreign markets and speculative cryptos in a blackhole that may pull many into oblivion. I believe this inadvertent move will result in a "new normal" that may reflect a massive debt destruction phase.
Right now, it is too early to tell how this will all play out. But I do believe Gold/Silver are the global base of REAL VALUE going forward (as they have always been).
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.