GOLD is unstoppable right now and is soon to storm the 1800 key level.
The only question is- what we get to see:
1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years.
OR
2-A pessimistic scenario, drawn with a red line, where the breakout turns out to be a false one and GOLD returns below the 1800 level and gets stuck in there for another accumulation period for another 5-10 years.
It is clear by now, that the general uptrend will continue and that a super long term outlook is certainly bullish, but just how bullish is a question for 8 trillion dollars, which is the current total gold market cap.
It is clear that the 1500 level is the new absolute bottom, and that we will never see gold cheaper than that again, so should gold choose the second scenario then buy near 1500-1600 level.(unless Earth isn't hit by a massive asteroid full of gold anytime soon)
An example of what trading will look like in a pessimistic scenario can be seen in the blue rectangle around the lower accumulation zone.
The fundamentals beyond the gold growth are the usual culprits: central banks printing money, fears of inflation, the increased demand for a safe haven other than dollar, negative rates and, possible stagflation.
There is a remote potential for the gold to come back as a funding vehicle, when people, companies and states will be borrowing and transacting in gold. That would have us see gold=10.000 and more.
Guys, hit that like button to support me, subscribe for more analysis and comment, what do you think? Share your experience and wisdom with us!
Wish you all good luck in your trading!
The only question is- what we get to see:
1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years.
OR
2-A pessimistic scenario, drawn with a red line, where the breakout turns out to be a false one and GOLD returns below the 1800 level and gets stuck in there for another accumulation period for another 5-10 years.
It is clear by now, that the general uptrend will continue and that a super long term outlook is certainly bullish, but just how bullish is a question for 8 trillion dollars, which is the current total gold market cap.
It is clear that the 1500 level is the new absolute bottom, and that we will never see gold cheaper than that again, so should gold choose the second scenario then buy near 1500-1600 level.(unless Earth isn't hit by a massive asteroid full of gold anytime soon)
An example of what trading will look like in a pessimistic scenario can be seen in the blue rectangle around the lower accumulation zone.
The fundamentals beyond the gold growth are the usual culprits: central banks printing money, fears of inflation, the increased demand for a safe haven other than dollar, negative rates and, possible stagflation.
There is a remote potential for the gold to come back as a funding vehicle, when people, companies and states will be borrowing and transacting in gold. That would have us see gold=10.000 and more.
Guys, hit that like button to support me, subscribe for more analysis and comment, what do you think? Share your experience and wisdom with us!
Wish you all good luck in your trading!
✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: www.prosignalsfx.eu/
✅For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: www.prosignalsfx.eu/trustedbroker
✅ My Website: www.prosignalsfx.eu/
✅For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: www.prosignalsfx.eu/trustedbroker