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Cuddles1997-1999
Mar 23, 2018 6:27 PM

Long XAUUSD late stage economic cycle inflation - trade war 3700 Long

Gold/U.S. DollarFXCM

Description

The last time the US tried to have a trade war was back in 2002 where the dollar fell dramatically. Late stage economic cycles are characterized by rampant inflation of industrial inputs and also gold as a hedge against inflation.

My target of around 3700 in the next few years seems insane. Yet, when compared to the last time this same political situation was present the relative % increase to what I'm proposing was less.

First MAJOR weekly resistance is 1450 as I use Fibonacci extensions quite a lot.

I WAS waiting for a more reasonable entry at 1300 but I believe I was wrong.

The last insane bull run starting in 2002 began with a golden cross of 50MA crossing 200ma on the weekly, this just happened a few weeks ago.
Comments
ShivamVerma
dont post spam !!!
Cuddles1997-1999
@ShivamVerma,

Don't read it. You'll be fine.
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