Monthly Gold Expectation - Breakout to $1454 then on to $1657
Interesting view of Gold chart for a change. I don’t normally day trade gold but I am a long term holder of PM’s for various reasons.
Here we have a monthly descending channel break, which has been consolidating now and with my wave counts and projection I am expecting significant break to the upside in the bigger picture. I would expect the next wave up to hit $1454 minimum, before continuing up to target $1657.
With so much uncertainty on the fundamentals front, and big global economic and political unease, will PM’s be our safe haven yet again in the times of fear and doubt?
My opinion.... just my opinion. For what it’s worth:
I think PM’s will see some considerable growth from here, but will remain a store of value for old school investors. Those looking for the volatility to trade with and exploit instead of traditional markets in times of uncertainty will turn to Crypto.
I’m just a man, and that’s just my opinion, care to share yours?....
Trade safe,
The Colonel xxx
Here we have a monthly descending channel break, which has been consolidating now and with my wave counts and projection I am expecting significant break to the upside in the bigger picture. I would expect the next wave up to hit $1454 minimum, before continuing up to target $1657.
With so much uncertainty on the fundamentals front, and big global economic and political unease, will PM’s be our safe haven yet again in the times of fear and doubt?
My opinion.... just my opinion. For what it’s worth:
I think PM’s will see some considerable growth from here, but will remain a store of value for old school investors. Those looking for the volatility to trade with and exploit instead of traditional markets in times of uncertainty will turn to Crypto.
I’m just a man, and that’s just my opinion, care to share yours?....
Trade safe,
The Colonel xxx