If GLD reaches above 2100, it's game done, it is going straight to 2600-3000 in an year or two.
This indicates the inflation effects and de-dollarization risks.
Short term pullback will happen, but the rip up will be legendary.
Cheers.
Note
Looks like the recent dip and rip gurantees that many investors are ready for Gold going to new ATH's.Will see you all once it breaks the resistance and go past 2100.
Note
After FOMC, it should start going up and take out ATH and move towards 2600 in next 2 to 3 months.Note
Here we are, striking the ATHNote
Breaking out.. it will be a rocketTrade closed: target reached
exactly on point.Disclaimer
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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.