$GOLD
Added 2023-11-10 12:18:13 +0000 UTCThis is my Bullish projection for Gold, if it can break above $2080.
We can see that Gold has tested the $2080 three times now in 2020, 2022 and 2023....all in the Spring time.
It has rejected three times getting above this level......I believe it is possible that Gold will test this line again in the Spring time '24.....and the market also expects the Fed to pivot in the Spring of '24 too.
So if the Fed reduces rates in the Spring, this will hurt stocks and money will move into safe havens....$GOLD may benefit from this.
So this is an option for those people thinking above where to put their money if the market takes a turn into its correction in the next few months.
Comments
Thx
Luskha
2023-11-28 01:52:39 +0000 UTCNope, this is just the bullish projection, the bearish projection is also valid if the price rejects at $2080.
Gareth Neary
2023-11-27 17:18:12 +0000 UTCHi!! thanks for sharing your plan about Gold. you have change your mind since last chart from october? can you explain me why? thank you very much
Luskha
2023-11-27 17:17:15 +0000 UTC
