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CryptoGuy234
Aug 26, 2019 2:33 AM

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

Gold/U.S. DollarFXCM

Description

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:
Comments
sanfxscalper
Thank you for the idea. I do have something similar to your analysis. I am expecting 2092 by Oct 2022.
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