alanmasters

Gold Going To $7800?! This Is The Yearly Chart

FX:XAUUSD   Gold Spot / U.S. Dollar
I decided to take a look at Gold Spot ( XAUUSD ) in the long-term... This is the yearly ( 12M ) chart.

All the details are on the chart.

We are looking at Gold at a value of $3043 this or next year... Based on TA.

I will leave the rest to your imagination but the Fibonacci numbers are telling that Gold can reach $7800 in a matter of just a few years...

Leave your comments below with the FA as to why this might or might not become true.

This is Alan Masters.

Namaste.
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Comments

So why you didn't said that befor it reach 2000??
+5 Reply
ebb_ess Fxsnipper
@Fxsnipper they never know... lol
+1 Reply
If it reaches 7800$ then US fiat currency will no more be a reserve currency imo and the whole world will go for gold standard. I think it is more unlikely to happen.what other factors makes you think that gold will reach that high other than the charts?A proper vaccine will change the whole scenario though..
+2 Reply
baldy424 rnaraharisetti
@rnaraharisetti a vaccine won’t change anything, the gold bull market started in 2015, gold is just starting to catch up with all excess money from QE 2 and 3, much less the printing that began in September of 2019.
+2 Reply
SUPERBVD rnaraharisetti
@rnaraharisetti bitcoin and gold will be the new global currency
Reply
Good idea. This is my analysis
+1 Reply
Gold goes to 15.000$!!!
+1 Reply
What about silver? Where is it going? You have a view on it?
+1 Reply
alanmasters dicky_retardo
@dicky_retardo, It is like Bitcoin and Ethereum... They move together.
+5 Reply
dicky_retardo alanmasters
@alanmasters, i understand that i'm asking possible price point.
Reply
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