Description
⋅ Pattern repeat itself 1980s (B) peak is equivalent to 2012 (B).
Bottom of the trend from 1982 (C) was repeated in 2015 (C).
D = D, E = E etc.
In the next few months, we will see sidewards then downturn movement (red lines on the plot).
A bull market for gold will begin around 2020/1.
In 1980 and 2012, the price of gold increased by ~7-8 times when compared to the initial prices.
If the scenario will repeat itself, XAUUSD will jump up to around 7-8k$ in 202X.
~100$ in 1976 then ~850$ in 1979, 260$ in 2001 then 1915 in 2011.
Hopefully, ~1100$ in 2019 then ~7-8k$ in 202X.
Please check this video: youtube.com/watch?v=42FwKWLrMsk