What does the bullish future hold for gold in the upcoming months? Will Gold just continue to go higher and higher due to inflation or will Gold have 1 last good pullback before we see Gold taking off š š š...
Scenario 1: Gold will continue to push higher and test resistance's and supports while having slight pullbacks throughout its run.
OR
Scenario 2: Is a good size pullback in the near future for Gold, and when it does have the pullback does happen it will create a new buying opportunity for investors to stake up on gold before it explodes in value.
(Either Scenario that happens Gold is still extremely bullish and would recommend all investors/traders to buy physical gold to maintain and grow your wealth against Inflation of the US Dollar...)
Comment
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Gold needs to break and close above 2100$ to see real movement, at the time of this update gold on the weekly chart has constantly gained higher lows while getting rejected at 2000$ - 2100$ range...
Comment down below your thoughts of the simple analysis... I would also be glad to answer any questions you might have about the future of Gold.
mahatango747
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@Popwwe123 yeah Iām looking at playing silj for the medium to long term. Inflation is becoming high. I also think this will cause stocks to shoot up too before crashing. But commodities should do better in long run
Popwwe123
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@mahatango747, Yeah agree, gold overall will continue to bid higher