Gold is looking to break out of the consolidation pattern it has been stuck in for the last few months. Once this breakout occurs I would expect a similiar gain and time frame compared to last years bull run. This would equate to a target price of 2500/OZ by June 2022, followed by another consolidation period.
Good analysis, what is your opinion for medium/long-term movement of gold - after the breakout from consolidation pattern, reaching above 1900 then dropping back around 1780? Would love to see an update from you.