LvMises

XAUUSD, History Repeats itself in Patterns

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
The decline marked left is a prolonged version of what we have seen from mid 2020s up until the recent increase. If we take this as an indicator of what follows, Gold will break new grounds in the coming months to years after a short sideways movement in the short future.

Gold is bullish. It may go sideways for a short time; but it will eventually follow the path ı drew on the chart. New highs for coming years will be around 5k.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.