Seasonal/Cyclic Behavior
First ever Gold made top in March 2008 (1032) and later after retrace 0.618 fib level and again start a new high trend and almost took 3 year 5 months (break above previous high of 1032) to made new high (1913) in August 2011. The total gain from previous high (1032) to new high (1913) is 881 , which is round about 46% gain
Then Gold started Bearish Trend and this spell continued almost 4.5 years and entered into consolidation phase
Now again this time gold made high (2075) in August 2020 and later retrace 0.618 fib level and from there it again start a new high trend and this time made similar high (2070) but in March 2022.
If we assume this time it will took almost same 3 years 5 months and 46% gain from previous 1032 to new high 1933, So Gold with this mentioned levels and time will made new high of 3021 (46% of 2075) in March 2024
First ever Gold made top in March 2008 (1032) and later after retrace 0.618 fib level and again start a new high trend and almost took 3 year 5 months (break above previous high of 1032) to made new high (1913) in August 2011. The total gain from previous high (1032) to new high (1913) is 881 , which is round about 46% gain
Then Gold started Bearish Trend and this spell continued almost 4.5 years and entered into consolidation phase
Now again this time gold made high (2075) in August 2020 and later retrace 0.618 fib level and from there it again start a new high trend and this time made similar high (2070) but in March 2022.
If we assume this time it will took almost same 3 years 5 months and 46% gain from previous 1032 to new high 1933, So Gold with this mentioned levels and time will made new high of 3021 (46% of 2075) in March 2024