What happened when Gold penetrated the historical highs?
In the hast 50 years, you can see this is the 3rd time that Gold surpasses its previous historical high.
In 1978, Gold had penetrated the 185 USD level, and reached 850 USD in 3 consecutive Bullish years.
Then in 2008 Gold penetrated the 850 USD level, after experiencing eight bullish years and continued its way to 1920 in 2011.
In the Late July 2020, Gold penetrated the 1920 level! Historically, it should be start of a new bullish trend which could last 3 years and doubling the price at least!
In 1978, Gold had penetrated the 185 USD level, and reached 850 USD in 3 consecutive Bullish years.
Then in 2008 Gold penetrated the 850 USD level, after experiencing eight bullish years and continued its way to 1920 in 2011.
In the Late July 2020, Gold penetrated the 1920 level! Historically, it should be start of a new bullish trend which could last 3 years and doubling the price at least!