Gold and endless historical peaks
Updated
Hello analysts
Today we will talk about gold. We will talk about some numbers
We need to use our imagination in the story
Let's Begin
Since 2020, with the Corona crisis, gold prices reached $2070 per ounce
It was a historic summit and a result of the lockdown due to the Corona
And the world stopped
There is logic
Gold reached the price of $2070 more than once during the following years
He could never break the price
Because logic says there is nothing worse than the lockdown that occurred in Corona
There is logic
Every time the price reached $2070, there was a reason and a consequence for this reason
The price has reached its historical peak
What happened on the fourth day of December 2023 was that the price broke the historical peak
$2070 $ not only broke but reached the price of $2150!!!
There is no stronger logical reason than the coronavirus outbreak
The world is experiencing conflicts and this will not end
But we saw the S&P 500 gain 26%.
There are negative numbers here and there
But there is no logical reason for gold to reach this price
Conclusion :
This time the effect came before the cause
So what would happen to be his logic that will let gold, reached $2150?
I expect a price of $2400 during the first quarter of this year
Let's wait and see why
Today we will talk about gold. We will talk about some numbers
We need to use our imagination in the story
Let's Begin
Since 2020, with the Corona crisis, gold prices reached $2070 per ounce
It was a historic summit and a result of the lockdown due to the Corona
And the world stopped
There is logic
Gold reached the price of $2070 more than once during the following years
He could never break the price
Because logic says there is nothing worse than the lockdown that occurred in Corona
There is logic
Every time the price reached $2070, there was a reason and a consequence for this reason
The price has reached its historical peak
What happened on the fourth day of December 2023 was that the price broke the historical peak
$2070 $ not only broke but reached the price of $2150!!!
There is no stronger logical reason than the coronavirus outbreak
The world is experiencing conflicts and this will not end
But we saw the S&P 500 gain 26%.
There are negative numbers here and there
But there is no logical reason for gold to reach this price
Conclusion :
This time the effect came before the cause
So what would happen to be his logic that will let gold, reached $2150?
I expect a price of $2400 during the first quarter of this year
Let's wait and see why
Trade closed: target reached
Targets DoneNote
New Target 2707 $ Remember this number
Note
Here we go
2525 $ Done
Next 2707 $
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