2020/2021 Price Forecasts for Gold
Updated
It is our belief that Gold will initiate another upside measured move, quite likely in correlation with a weaker US Dollar, that will target the $2,160 level next. After that level is reached, a brief pause in price will happen before another upside measured move will target the $2,400 level. This upside move is likely to happen before the end of January 2021. Should Gold rally to $2,400 or higher, there is a very strong possibility that Silver could rally above $60 per ounce while Gold continues to move to near all-time highs. In short, we believe this move higher in metals will likely continue as we head into the US Presidential Election and post-election transition.
From a trader's perspective, the upside price trend, and the bigger downside price move setting up in November 2020 Presidential election cycle, presents very real opportunity for huge gains if you know how to time these moves and prepare for the risks. Right now, this market and the profits therein are fantastic opportunities for skilled technical traders. As we suggested throughout 2018 and 2019, 2020 and 2021 are going to be incredible opportunities for skilled technical traders. This is just getting started, folks. Pay attention and avoid unnecessary risks.
From a trader's perspective, the upside price trend, and the bigger downside price move setting up in November 2020 Presidential election cycle, presents very real opportunity for huge gains if you know how to time these moves and prepare for the risks. Right now, this market and the profits therein are fantastic opportunities for skilled technical traders. As we suggested throughout 2018 and 2019, 2020 and 2021 are going to be incredible opportunities for skilled technical traders. This is just getting started, folks. Pay attention and avoid unnecessary risks.
Note
A break of current Uptrend Channel is the first sign of real trouble. We break thru the 1860 support and strap in for the drop.Note
There will be time to buy before it really start bullish rally.my re-entry point for swing either 1.When Fed turns on the spigots again, post pending dump in stocks 2.When US Treasury announces helicopter drop of $1.5-2.0tln 3.When the Fed caps bond yeilds 4.All of the above. Take your pick. Timing: Sept/Oct.
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