XAUUSD Still a great multi year investment. Why it can reach $40
Gold / XAUUSD recovered the November-December 2024 correction and resumed the long term bullish trend.
On this 1W chart, it is evident that the yellow metal is incredibly bullish after crossing over the top of the multi year Cup pattern in March 2024.
This Cup started on the 2011 High (All Time High then) and was practically the Bear Cycle after the golden multi year rally that followed Gold's ETF lauch in the early 2000s.
Right now we have started Gold's new Bull Cycle and with the 1week MA50 supporting, we expect another 5 years of growth.
Gold remains a sound long term investment, especially in a highly inflationary environment.
If you are a long term investor, buy and hold until $4000.
Follow us, like the idea and leave a comment below!!
On this 1W chart, it is evident that the yellow metal is incredibly bullish after crossing over the top of the multi year Cup pattern in March 2024.
This Cup started on the 2011 High (All Time High then) and was practically the Bear Cycle after the golden multi year rally that followed Gold's ETF lauch in the early 2000s.
Right now we have started Gold's new Bull Cycle and with the 1week MA50 supporting, we expect another 5 years of growth.
Gold remains a sound long term investment, especially in a highly inflationary environment.
If you are a long term investor, buy and hold until $4000.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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