Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
New ATH for Gold?!
Gold Spot / U.S. Dollar
Long
New ATH for Gold?!
By Brenvest
Follow
Follow
May 7, 2021
0
May 7, 2021
I've been tracking this correction on Gold since the obvious corrective behavior started forming in August.
It took over 6 month to complete, but this pattern has clearly been broken with a Fat Impulse.
My original entry is at at $1692 and I will be scaling in on corrections.
My first Target is $2150.
This falls in line with my Thesis of a bearish Summer for
DXY
(Until we hit 87-88) and a Bullish Summer for Crypto (and some equities).
It's not Bitcoin, but it should give us at least a nice 20-30% move from here.
XAUUSD
XAUUSD
forecast
Forex
Fundamental Analysis
fx
Gold
Trend Analysis
XAUUSD
Brenvest
Follow
Also on:
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
.