CryptoGuy234

XAUUSD Gold Could Climb another 40% to $2200/OZ

Long
CryptoGuy234 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
I Am Very bullish on gold because of the looming threat of a 2020 recession and i believe that with gold skyrocketing in 2019 it could go as high as $2200 per ounce in the next 24 months, WHY? because there is less gold now then there was in 2007-2009 aka the last recession so as the supply of gold slowly shrinks demand grows and the price will go higher and the threat of a recession also pumps up the price too, but we still have resistance points at $1540-1550, $1770-1780 and the biggest one at $1880-1915 so also have a little caution as well
Comment:
Well it's been over 4 and a half years but Gold has finally hit my initial target on March 28th, 2024:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.