Bullish setup in gold strikingly similar to 1970s bull run (2/3)
Updated
This is publication 2 out of 3.
History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s.
Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky.
6000 USD/Ounce is my ultimate target. Check out my other publications to get a better understanding why the Gold price will soar, and why I think 6000 is a realistic target.
Chart 1 -
History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s.
Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky.
6000 USD/Ounce is my ultimate target. Check out my other publications to get a better understanding why the Gold price will soar, and why I think 6000 is a realistic target.
Chart 1 -
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