Long

Long term analysis of Gold

Updated

I believe Gold (XAUUSD) is going up in long-term, history likes to repeat itself.

1975 peak = 2011 peak in gold while 1980 peak = 2021/22+

Gold will go up to half-a-share of DJI macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart

Note

The rich bought GOLD, the poor bought the TOILET PAPER!!

Note

Gold Price Analysis With Unique Fibonacci Method Explained

youtube.com/watch?v=F5FnKlRf21s

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Thanks
Simon_says

Note

Price of the XAUUSD has overshoot my target, despite that, I still expect a pullback!

Note

Gold And Crypto: Is This How Charts Look Before A Monetary Collapse?

zerohedge.com/markets/gold-and-crypto-how-charts-look-monetary-collapse

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Hello everyone,

According to my other analysis (plot below) we are JUST entering the REAL financial downturn! Everything that happened in 2020 was only a trailer for the movie called "GREAT DEPRESSION 2.0".

Please check this plot and understand it, direction of the curve and steepness of it. Personally I'm scared of the future and length of this crisis!

In case of price of GOLD, there is no change in my perception. As 2nd wave of nCov19 goes across the world there will be more lockdowns and eventually stock market will puke, including cryptos and metals. That will be a great moment to buy GOLD, SILVER and BITCOIN. Please be aware of Presidential elections in the US and A and market may be volatile.

Long-term analysis of GOLD and BITCOIN is very positive, personally I'm awaiting for a pullback to get more of these assets.

Have a nice weekend :-)
Simon

Note

I believe this analysis is still valid, however, we are in a short-term correction. If my understanding of the market is correct then the price of Gold should move higher in the next few months. Let's wait and see, for the movement I'm not selling my XAU USD.

Simon_says

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