Inflation is coming... Perfect buying opportunity for GOLD
Yall should've listened to Burry when you had the chance...it aint too late though!
Markets dumping, Interest rates rising, bond yields climbing... you can only keep printing money for so long
Makes sense why we have been seeing a steady rise in Gold prices the last few months! Luckily, in our favor, Gold bounced cleanly off the long term trend line support, as I charted, it also seems like it has made a massive bull flag on the weekly/daily.
For anyone confused, how I obtain a price target on a bull or bear flag is you would just take the vertical distance between the "flag-pole", then apply this distance starting from the previous high. Your first target is located at the end of this distance.
Coincidently, if we use the Fibs, our target would take us straight to the 2.618 at $2700!
Now is certainly a great time to invest in some gold...keep an eye these next couple months!
Markets dumping, Interest rates rising, bond yields climbing... you can only keep printing money for so long
Makes sense why we have been seeing a steady rise in Gold prices the last few months! Luckily, in our favor, Gold bounced cleanly off the long term trend line support, as I charted, it also seems like it has made a massive bull flag on the weekly/daily.
For anyone confused, how I obtain a price target on a bull or bear flag is you would just take the vertical distance between the "flag-pole", then apply this distance starting from the previous high. Your first target is located at the end of this distance.
Coincidently, if we use the Fibs, our target would take us straight to the 2.618 at $2700!
Now is certainly a great time to invest in some gold...keep an eye these next couple months!
