Where Will Gold Be In Two Years ?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
I was asked where I think that gold-will be in two years.
My answer in printed on the chart above.
If gold-can stay above $1390 on a weekly chart, then a new up-trend is possible.
I would much rather wait until this happens than buy-gold today.
Until then, I see a sideways trading range, with downside risk if the Fed keeps raising interest rates.

May all of your trades go well. Don.

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