XAUUSD: Buy gold after stocks peak in March-April 2021
This is a forecast slash guess based on the fact that 
SPX is trending in the 2M and 12M timeframes, with big trends set to end by 2021 only. New highs confirm the outlook I had predicted for SPX before (see related ideas), and sentiment getting negative on equities, despite prices climbing the wall of worry is an amazing signal for us. It's time to be 100% risk on, until March-April 2021. Sell your gold, and don't be in a rush to buy it back.
That said,
XAUUSD can present multiple trade opportunities between now and then, just don't expect any huge one directional multi month moves in metals for a long time. When we expect stocks to consolidate or correct in the short term, metals might have some upside swings, but I expect them to remain range bound.
Cheers,
Ivan Labrie.
SPX is trending in the 2M and 12M timeframes, with big trends set to end by 2021 only. New highs confirm the outlook I had predicted for SPX before (see related ideas), and sentiment getting negative on equities, despite prices climbing the wall of worry is an amazing signal for us. It's time to be 100% risk on, until March-April 2021. Sell your gold, and don't be in a rush to buy it back. That said,
XAUUSD can present multiple trade opportunities between now and then, just don't expect any huge one directional multi month moves in metals for a long time. When we expect stocks to consolidate or correct in the short term, metals might have some upside swings, but I expect them to remain range bound.Cheers,
Ivan Labrie.
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