LONGterm gameplan for GOLD - Can it reach 3 000 USD next year?
Hello Folks,
these days i see a lot of speculations at the market with crazy positive sentiment in Bitcoin, other s#!@-coins and tech stocks. So many investors are selling their Gold and gold stocks to Buy into hype. Seems like there is no uncertainty after US elections, and all problems (including inflation and wars) will be solved by Trump-Musk duo.
The most important question is: Is that smart move and will the speculative sentiment last?
This chart of gold should be without emotions, just pure Technical analysis what can we expect in mid - long term. At least what I expect to happen.
Gold is retracing after it finalized last sub-wave of ((iii)) within wave 3.
Most probable and important level is around 2418 - 2363 USD /oz. At that moment, most late Gold bulls (Retail) will be wiped-out or out of market licking their wounds.
So I target exactly zone from 2526 USD to 2363 USD as my BUY zone. I plan to buy back into best miners / developers in Gold + Silver sector.
Also turn in gold sentiment during December - January could be supported with Foreign central banks buying physical gold again. After retail see this sentiment change, they will come back and support wave ((v)) of 3 to 2 900 - 3 000 USD/Oz. This will be strong psychological level to break. I doubt we can break it for first time = corrective wave 4.
#Gold #Silver #miners #Goldminers #Silverminers #Silverminer #Goldminer #US #Debt #inflation
these days i see a lot of speculations at the market with crazy positive sentiment in Bitcoin, other s#!@-coins and tech stocks. So many investors are selling their Gold and gold stocks to Buy into hype. Seems like there is no uncertainty after US elections, and all problems (including inflation and wars) will be solved by Trump-Musk duo.
The most important question is: Is that smart move and will the speculative sentiment last?
This chart of gold should be without emotions, just pure Technical analysis what can we expect in mid - long term. At least what I expect to happen.
Gold is retracing after it finalized last sub-wave of ((iii)) within wave 3.
Most probable and important level is around 2418 - 2363 USD /oz. At that moment, most late Gold bulls (Retail) will be wiped-out or out of market licking their wounds.
So I target exactly zone from 2526 USD to 2363 USD as my BUY zone. I plan to buy back into best miners / developers in Gold + Silver sector.
Also turn in gold sentiment during December - January could be supported with Foreign central banks buying physical gold again. After retail see this sentiment change, they will come back and support wave ((v)) of 3 to 2 900 - 3 000 USD/Oz. This will be strong psychological level to break. I doubt we can break it for first time = corrective wave 4.
#Gold #Silver #miners #Goldminers #Silverminers #Silverminer #Goldminer #US #Debt #inflation
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