SPDR Gold TrustLong
Gold - Straightforward Analysis - Long Term Play
I expect a very long-term play on gold, and this chart makes it more apparent we are bound to go on a long run to the upside for the next few years. My analysis tells me that this pair is currently in a short-term retracement and will bounce off of one of the indicated levels and eventually head towards Target 1 (1.272) and Target 2 (1.618). Structure is key, as always.
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.