Possible long-term targets for GoldHello traders!
With the continuing weakness of the US-Dollar and a flood of money all over the world with subsequent devaluations of many FIAT currencies - the world's most famous precious metal remains in the interest of traders.
With the now almost fixed break of the last all-time high at the end of the month, which also represents a continuation of the monthly structure, the question arises as to where gold can run in the next ~5 years from a purely technical point of view.
For what we believe to be a realistic price target calculation, we have used a three-point measurement with a trend-based Fibonacci extension. The measurement was performed with:
Low Sep 1999 > High Sep 2011 > Low Dec 2015
You can see the result in the chart.
Tell us your opinion about this in the comments :-)
Elitetraders
And still NZDJPY buyNzdjpy is still proving strenght. On the other side, Sellers fade again and again. Next target is potential second target and we're gonna see how sellers will react on this. But for that strong NZD push, I would be scared AF as a seller.
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I'm still in buy from previous week.