For those who are following on a regular basis my analysis know that concerning Gold, I have always been very keen on the mechanic of the economic model and the general trends. Concering Gold since 2008, we were in a Bubble model, and the present shape is confirming that.
With negative interest rate+ a very low growth rate and almost no inflation, if not negative, GOLD is still on the down sinde of the story. The initial target remain 1180, but it my be very well going bellow that level towards 1060 or even lower. . If you want to enter th market on a long position, the best is still between 1180 and 950. The gap is very big, but it will be fine tuned during the weeks to come.
For the rest, on the shema, you do have the shape and basic explanation of the bubble curve. Pro knew, for others, now you know,
With negative interest rate+ a very low growth rate and almost no inflation, if not negative, GOLD is still on the down sinde of the story. The initial target remain 1180, but it my be very well going bellow that level towards 1060 or even lower. . If you want to enter th market on a long position, the best is still between 1180 and 950. The gap is very big, but it will be fine tuned during the weeks to come.
For the rest, on the shema, you do have the shape and basic explanation of the bubble curve. Pro knew, for others, now you know,
