Gold - Long and Short Ideas - 2024 to 2035
Extrapolating fib data from previous gold bull cycles, we see that the 0.618, 1, and 2 fib extensions play important roles as resistance, support, and targets.
fib extensions
(previous 2 cycles)
0.618: resistance into support
1: target (crisis year: 2008 / ~2027)
2: target (start of new cycle: 2011/2012 / ~2030)
1: target (retrace: / 2016 / 2034(?))
(Note: Crisis years and cycle tops are based on the 18.6 year real estate cycle).
These are long plays, multiple months and years, for 30% - 100% gains.
The nicest looks to be the potential short off of the 1 fib to 0.618 fib as support, which should happen around 2027.
Follow for more investment ideas.
GOLD
XAUUSD
#gold #au #xau
fib extensions
(previous 2 cycles)
0.618: resistance into support
1: target (crisis year: 2008 / ~2027)
2: target (start of new cycle: 2011/2012 / ~2030)
1: target (retrace: / 2016 / 2034(?))
(Note: Crisis years and cycle tops are based on the 18.6 year real estate cycle).
These are long plays, multiple months and years, for 30% - 100% gains.
The nicest looks to be the potential short off of the 1 fib to 0.618 fib as support, which should happen around 2027.
Follow for more investment ideas.
GOLD
XAUUSD
#gold #au #xau