MrRenev

Gold view next 10 years. Buy or not?

Long
MrRenev Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Let me make a few side by side charts first.

Gold last bottom, compared to the stock market.

Gold and the bond bubble:

The bull market is back hurrah:

WHAT did go up? Obviously...

Conclusions:
> Do not expect a direct clear correlation. One would mean people have a crystal ball...
> Gold should go up in the future, bottom and start going up in perhaps the next 2-3 years.
> There is probably no point FOMO buying now, and anyway now is not a good entry.

I see mainly 2 possibilities, and I would trade this in one of 2 ways:

A- Perfect bottom

Hold approach

Short term trade approach

B- No perfect bottom


For me there is no scenario where I would FOMO in now.

I'll buy at ~1200 in a few weeks normally, take profit and leave some in + trail my stop so this might be my entry, it could just go up from there, not impossible.
Comment:
Central banks are pushing this bubble to the limit.
Central banks are accumulating gold as we 'speak'.

These 2 facts look funny when put close to each other.

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