This is a monthly Gold chart indicates that Gold is going to sell for the next few months to around $1540-$1354 next year(2024).
Note
The DXY index is losing selling pressure and gold is showing that it is currently struggling to exceed current highs .The world economy is going down as each month passes by. Gold will go down with stock because institutions and retail investors will sell their stocks during the collapse and the first asset those funds will be reserved in after they sell their stocks is the dollar. Dollar strength will continue to grow, gold, stocks and equities will continue to go down until credit institutions and others finally move their funds from dollars to gold. Gold will then reach new highs.
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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.