Gold FuturesLong
Gold (GC futures) weekly update
This chart is the same as drawn way back, still standing with it.
I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle).
Natural progression would be along the lower target, but a macro event (such as confrontational superpower war) would easily propel to higher trajectory target at 2407.
I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle).
Natural progression would be along the lower target, but a macro event (such as confrontational superpower war) would easily propel to higher trajectory target at 2407.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.