This multi year projection is based on the break up from the downsloping channel which appears to look like a bull flag continuation pattern. Note that the price scale on this chart is log.
From start of golds bull run to peak in 2011 was a roughly 680% increase in price. Similar increase from todays level looks at a target of towards $9000 per ounce.
Those waiting for 900 dollar gold might never see it.
Disclaimer : my opinion only, not investment advice etc
From start of golds bull run to peak in 2011 was a roughly 680% increase in price. Similar increase from todays level looks at a target of towards $9000 per ounce.
Those waiting for 900 dollar gold might never see it.
Disclaimer : my opinion only, not investment advice etc