Looking for a double bottom around 1800 then we will targeting 1900 levels again. From there it should consolidate for a while then break out by end of the year to a new ATH.
It is crazy how similar 2003 ~ 2009 is similar to 2016 ~ 2022. Almost same pattern for 6 years period. Just subtract 1000 from current price and you see exactly same price action through the whole period Is it going to continue from there, if so, the gold is going to skyrocket soon.
It is crazy how similar 2003 ~ 2009 is similar to 2016 ~ 2022. Almost same pattern for 6 years period. Is it going to continue from there, if so, the gold is going to skyrocket soon.
What is happening these days is very similar to April 2009. Will history repeat itself? I think yes! Most probably we will see a new ATH this year, and we may not see current levels any more in the near future.
First Target 1960~1980 Next 2100 ========= Frist support 1920 Second support 1907
it might bounce around 1880 before continuing the downtrend.
If gold not not breaking 1860 we most probably going to retest 1930 the top of the downtrend channel