Gold - Straightforward Analysis - Long Term Play

9 May 2017

I expect a very long-term play on gold, and this chart makes it more apparent we are bound to go on a long run to the upside for the next few years. My analysis tells me that this pair is currently in a short-term retracement and will bounce off of one of the indicated levels and eventually head towards Target 1 (1.272) and Target 2 (1.618). Structure is key, as always.