I expect it to peak and rise until the summer and fall (q4) this year. I expect it to rise with a similar movement as the one I drew on the chart, then enter the trend channel again and make declines or corrections in the following years with the ABC movement. If it does not re-enter the trend in the breaks above the trend or does not break the trend channel by rising, the drawings will be invalid. Resistance and support fib levels are important; I follow them. In short, I expect gold to rise for the next few years.
not investment advice
not investment advice
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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.