Gold doesn't seem to move even with high Inflation data in the past months, possibly because the Crypto market is eating slowly it's market.
However it seems like there is potential Cup and Handle which might lead to Gold prices around 2500$ Ounce in the next few years.
A possible catalyst might be invasion of Ukraine, since Gold performs quite well during wars - however I truly Hope this never happens.
Just posting this here so I can keep track of it in the future, will update it if there is any news ahead.
However it seems like there is potential Cup and Handle which might lead to Gold prices around 2500$ Ounce in the next few years.
A possible catalyst might be invasion of Ukraine, since Gold performs quite well during wars - however I truly Hope this never happens.
Just posting this here so I can keep track of it in the future, will update it if there is any news ahead.
Trade with caution, volatile times are coming ahead.