Rogelio

Gold very long term

FX:XAUUSD   Gold / U.S. Dollar
XAUUSD            

Very longterm chart
Trading wave 4, before reaching a new high (2284).
Wave 5 possible $6000, but not in our lifetime.
Fibo multiples for the new highs, maybe also apply for the lows

chart:
http://www.zerohedge.com/news/2014-02-08/long-term-charts-1-american-markets-independence
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/02/20140208_long4.png

Related Ideas

haha. interesting to see the trend till 2056
Reply
Thanks for your comment.
The idea on chart is that new high prices are fibo multiples of the first price movement
Because price of metals are in low trend, people get interested in investing, but claims of gold at exorbitant prices like 10,000 or more, maybe are not logical.
Reply
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