Gold All Set to "Tip-Toe" to 1700+ by Q2 2020.
Many people over the past several months have been thrilled about Gold finally rising from the dead of nearly six years of doing virtually nothing - and rightfully so! Prices have been able to maintain above the psychological value of 1400 despite ATHs across many world indices. Even after at times, global tensions have waned, and monetary policy has prolonged easing, Gold has remained mostly stable - and above 1400.
Contrary to popular belief and compared to many stocks and equities trading on the traditional indices, focusing on quantitative analysis and mathematical patterns are not the only important factors for Gold (and other metallic earth materials); geopolitical, political and global monetary policy have tremendous impact and relevant importance.
Although I can list out a large ingredient list of various reasons why Gold will likely soar late 2019 through 2020 and likely into 2021, one of the most prominent reasons will ultimately be as a result of world-wide currency devaluation to overextend and squeeze markets higher, and monetary policy easing. In future posts, I will go into deeper detail why monetary policy patterns matter tremendously for Gold and other metallics, as well as, other reasons for why Gold will rise.
Key Retracements:
1) Monday to Midday Wednesday: Gold likely in the 1414-1428 range with possibly bottoming out at the most recent bottom of around 1412; ticking slightly lower to 1408-1410 is a risk but a very low one.
2) Near-term (main patterns to expect from current date and onwards):
~1418 (current) --> 1408-1412 (possible for early-mid Monday) --> 1414-1428 from late Monday through mid Wednesday, then to:
~1450 --> ~1428 then,
~1428 --> ~1495 then,
~1495 --> ~1441 then,
~1441 --> ~1500+ with significant up-trends once 1500 is reached.
**Note: Metallics NEVER move linearly and there will be a handful of stronger retracements until 1500 is reached.
While my view is assuming a minimum 25bps monetary easing by the Federal Reserve this coming week, even if they come to the conclusion of holding steady (which is extremely extremely extremely low at this point), this would only prolong Golds bull run temporarily - not permanently halt it as global easing is inevitable from Q4 2019 through 2020.
Should the Federal Reserve deeply surprise everyone and hold steady despite their most recent discussions and testimony, my posts timeline can be extended into the future by 3-4 months but remain intact.
- zSplit
Contrary to popular belief and compared to many stocks and equities trading on the traditional indices, focusing on quantitative analysis and mathematical patterns are not the only important factors for Gold (and other metallic earth materials); geopolitical, political and global monetary policy have tremendous impact and relevant importance.
Although I can list out a large ingredient list of various reasons why Gold will likely soar late 2019 through 2020 and likely into 2021, one of the most prominent reasons will ultimately be as a result of world-wide currency devaluation to overextend and squeeze markets higher, and monetary policy easing. In future posts, I will go into deeper detail why monetary policy patterns matter tremendously for Gold and other metallics, as well as, other reasons for why Gold will rise.
Key Retracements:
1) Monday to Midday Wednesday: Gold likely in the 1414-1428 range with possibly bottoming out at the most recent bottom of around 1412; ticking slightly lower to 1408-1410 is a risk but a very low one.
2) Near-term (main patterns to expect from current date and onwards):
~1418 (current) --> 1408-1412 (possible for early-mid Monday) --> 1414-1428 from late Monday through mid Wednesday, then to:
~1450 --> ~1428 then,
~1428 --> ~1495 then,
~1495 --> ~1441 then,
~1441 --> ~1500+ with significant up-trends once 1500 is reached.
**Note: Metallics NEVER move linearly and there will be a handful of stronger retracements until 1500 is reached.
While my view is assuming a minimum 25bps monetary easing by the Federal Reserve this coming week, even if they come to the conclusion of holding steady (which is extremely extremely extremely low at this point), this would only prolong Golds bull run temporarily - not permanently halt it as global easing is inevitable from Q4 2019 through 2020.
Should the Federal Reserve deeply surprise everyone and hold steady despite their most recent discussions and testimony, my posts timeline can be extended into the future by 3-4 months but remain intact.
- zSplit
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