GOLD Price Analysis - Long Term Target $ 2600
Hello everyone,
I would like to take a very long-term look at gold.
I am looking at this gold trade as a hedge for my portfolio!
- Gold should be in my portfolio as a hedge against inflation, so I am interested in a very long-term position.
- Gold is still clearly bullish
- Currently the price is in a correction
- I expect prices to continue falling
- I would like to define a zone at which, in my view, it could be worth buying
The plan:
- Have a lot of patience
- I would like to use the golden pocket of the last rally for a very long-term entry
- The lower trend line and the last prominent high are my backup and extend the buy zone.
- It would be conceivable that the target zone would not be reached until 2028.
The buy zone extends from 1509$ to 1395$.
The target zone extends from 2600$ to 2640$.
In this sense,
Greetings & Keep it simple
Max
I would like to take a very long-term look at gold.
I am looking at this gold trade as a hedge for my portfolio!
- Gold should be in my portfolio as a hedge against inflation, so I am interested in a very long-term position.
- Gold is still clearly bullish
- Currently the price is in a correction
- I expect prices to continue falling
- I would like to define a zone at which, in my view, it could be worth buying
The plan:
- Have a lot of patience
- I would like to use the golden pocket of the last rally for a very long-term entry
- The lower trend line and the last prominent high are my backup and extend the buy zone.
- It would be conceivable that the target zone would not be reached until 2028.
The buy zone extends from 1509$ to 1395$.
The target zone extends from 2600$ to 2640$.
In this sense,
Greetings & Keep it simple
Max
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.