afbitcoins
Long

Bull Flag in Gold

FX:XAUUSD   Gold/U.S. Dollar
308 7 1
This multi year projection is based on the break up from the downsloping channel which appears to look like a bull flag continuation pattern. Note that the price scale on this chart is log.

From start of golds bull run to peak in 2011 was a roughly 680% increase in price. Similar increase from todays level looks at a target of towards $9000 per ounce.

Those waiting for 900 dollar gold             might never see it.

Disclaimer : my opinion only, not investment advice etc
afbitcoins
2 years ago
Closer view of the breakout from bearish channel

snapshot
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Jamil Ahmed
2 years ago
hahahahaha
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afbitcoins Jamil Ahmed
2 years ago
lol
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mucahit06
2 years ago
what a pity for me. I ll be die when when we arrived 2024
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afbitcoins mucahit06
2 years ago
Hopefully you won't be dead! :-o

I think key point I'm trying to make here is that bull trend is about to resume, not really the timescale involved. Second leg might have a huge bubble peak. Which we never saw in 2011
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hmm.. are the bitcoin fans moving to Gold?
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afbitcoins QuantitativeExhaustion
2 years ago
Maybe a few, i was into gold before bitcoin though.
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