Gold - Long and Short Ideas - 2024 to 2035
Extrapolating fib data from previous gold bull cycles, we see that the 0.618, 1, and 2 fib extensions play important roles as resistance, support, and targets.
fib extensions
(previous 2 cycles)
0.618: resistance into support
1: target (crisis year: 2008 / ~2027)
2: target (start of new cycle: 2011/2012 / ~2030)
1: target (retrace: [1982/85/99/01] / 2016 / 2034(?))
(Note: Crisis years and cycle tops are based on the 18.6 year real estate cycle).
These are long plays, multiple months and years, for 30% - 100% gains.
The nicest looks to be the potential short off of the 1 fib to 0.618 fib as support, which should happen around 2027.
Follow for more investment ideas.
GOLD XAUUSD
#gold #au #xau
fib extensions
(previous 2 cycles)
0.618: resistance into support
1: target (crisis year: 2008 / ~2027)
2: target (start of new cycle: 2011/2012 / ~2030)
1: target (retrace: [1982/85/99/01] / 2016 / 2034(?))
(Note: Crisis years and cycle tops are based on the 18.6 year real estate cycle).
These are long plays, multiple months and years, for 30% - 100% gains.
The nicest looks to be the potential short off of the 1 fib to 0.618 fib as support, which should happen around 2027.
Follow for more investment ideas.
GOLD XAUUSD #gold #au #xau
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.