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AlanSantana
Aug 5, 2020 12:10 AM

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

FX:XAUUSD12M
Gold/U.S. DollarFXCM

Description

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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.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisGoldXAUXAUUSD
Comments
Fxsnipper
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So why you didn't said that befor it reach 2000??
ebb_ess
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@Fxsnipper they never know... lol
rnaraharisetti
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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..
baldy424
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@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.
SUPERBVD
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@rnaraharisetti bitcoin and gold will be the new global currency
TheAntrader
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Good idea. This is my analysis
Darkwebtrader007
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Gold goes to 15.000$!!!
WeAreSat0shi
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What about silver? Where is it going? You have a view on it?
AlanSantana
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@dicky_retardo, It is like Bitcoin and Ethereum... They move together.
WeAreSat0shi
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@alanmasters, i understand that i'm asking possible price point.
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