Monetarists will pump trillions of dollars in the system. This time it will be even larger QE4. The normalization phase of Fed reversed already in Sep 2019 with repo market collapse. Gold should adjust its value. We are in the middle of nowhere - market is above critical 1400 and below all time high of 1921. This is a simple trend based map. Watch the mid-channel + former top if market could crack it or not between 1870 and 1921. If yes then the upside is capped with the higher side of the channel at 2600.
Great looking chart, I see we have similar expectations of possible lows. I am somewhat bearish short term assuming that this market is well controlled, I could be wrong for sure.
aibek
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@ChartProphet, Hi there, awesome chart. Thanks for stopping by and sharing your warm comment. Good luck!