I was asked where I think that gold-will be in two years. My answer in printed on the chart above. If gold-can stay above $1390 on a weekly chart, then a new up-trend is possible. I would much rather wait until this happens than buy-gold today. Until then, I see a sideways trading range, with downside risk if the Fed keeps raising interest rates.
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.