It has been exactly four months from that call on gold. The metal hit the target and it’s time to project the next one.
In July, gold registered several events that last happened in April 2013 and this would very much define the next move.
The analysis is part of the @InvestingAngles Weekly Series – US and global indices, Precious Metals and Miners, Crypto, Commodities, Currencies, Large Cap stocks. Link here.
This analysis contains:
– overview of the daily, weekly, and monthly candles and TA;
– very long term and short term charts and targets.
I was right when I called a 20% decline in August 2020 (refer to the Track Record section), I was correct in March 2022 with a similar call, and something tells that my forecast about the next move will be accurate again, despite the mainstream consensus.
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Latest Gold Quarterly Analysis covers very long perspectives of quarterly candle formations:
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