All targets done from earlier trade , now looking for a pull back to buy in, was hoping for a handle to be formed and $1790 to come in play however looks like that ship has lifted anchor and sailed .
ATH retest was front run by the looks of it at $1940 .
Any dips on this are for buying and price discovery in these uncertain times should be fun with a further 20% increase till March 2021 is what i expect .
The production and cost of refining( dollar crashing not helping ) and getting the end product has gone up specially with a lot of refineries in Switzerland closing during the pandemic causing a hamper in the supply of the shiny stuff.
As mentioned in my earlier graph posted a while ago am still uber bullish on Gold though personally digital gold (BTC) has far more benefits with it being truly finite.
52000 tonnes of Gold is estimated to still be waiting to be mined but the demand is definitely going to outstrip the supply along with deflation or inflation / safe haven option/gold backed digital currency to replace the $/ everything is pointing towards a buy .
Am still looking for $10K PLUS before this bull runs reverses ,time frame 2028ish :)
As the World regenerates and gets back to a sense of normalcy i think it would be time to maybe scale out for now enjoy the ride , the fun part starts soon :)
ATH retest was front run by the looks of it at $1940 .
Any dips on this are for buying and price discovery in these uncertain times should be fun with a further 20% increase till March 2021 is what i expect .
The production and cost of refining( dollar crashing not helping ) and getting the end product has gone up specially with a lot of refineries in Switzerland closing during the pandemic causing a hamper in the supply of the shiny stuff.
As mentioned in my earlier graph posted a while ago am still uber bullish on Gold though personally digital gold (BTC) has far more benefits with it being truly finite.
52000 tonnes of Gold is estimated to still be waiting to be mined but the demand is definitely going to outstrip the supply along with deflation or inflation / safe haven option/gold backed digital currency to replace the $/ everything is pointing towards a buy .
Am still looking for $10K PLUS before this bull runs reverses ,time frame 2028ish :)
As the World regenerates and gets back to a sense of normalcy i think it would be time to maybe scale out for now enjoy the ride , the fun part starts soon :)