Gold is getting ready for an impulsive rally.
The rally is expected to take up to 4 years, at the end of which it should reach $7000, a mark ti Joe Biden Farewell.
Do not expect me to speculate on the fundamentals of this forecast, or the vehicle which drives it, as I don’t have any idea.
I believe the world is living in a similar Economic situation as 1970’s,...
Using the dimensions of the pyramid, we arrive at the following results .
1- Gold is at the highest level for the next 4 years (1277)
2- At least 3 years in the future. Gold is down .
3- Gold falls to 61% Fibonacci level .
4. The best range for buying gold. 800 will be .
Bitcoin collapsed and it was quite normal .
The latest support is at level 1790 .
But the resistance is now at 5660 .
So we are waiting 5660 for sale. Of course I'm not hoping .
But I'm sure that by mid-December. Under 2,000 .
Maybe for the next ten years. Gold can not go to the level of 1366 .
According to gann law. Gold will reach 1140 by the end of this year .
Of course This fall continues to 660. Over the next few years .
This week is the most important week of the year .
And most trends will change .
This week we expect the gold to leave the 1300 channel .
I hope to see the level of 1100 by the end of the year .