Gold long term to 8.000 $
Previous bull markets have started preceded by a big cup and handle formation.
RSI and ADX seem to point a new multiyear bull market about to start. Macro context is quite favorable to gold (monetary inflation, negative interest rates, recession...).
Yellow bars mimic the bull market from 1975 to 1979.
Blue bars mimic market from 2003 to 2011.
RSI and ADX seem to point a new multiyear bull market about to start. Macro context is quite favorable to gold (monetary inflation, negative interest rates, recession...).
Yellow bars mimic the bull market from 1975 to 1979.
Blue bars mimic market from 2003 to 2011.
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