Historical View on GOLD - We are right in the golden middle
This is a quick idea on historical development of the Gold price over the past 40 years.
Notice how the price reacted at the outlined fibonacci levels.
In that sense, we are currently at the 0.618 "normal" level.
From here, two ways are possible in the long term, either up to 0.786 $1,550 or down to 0.5 $1,050.
Take your pick.
Notice how the price reacted at the outlined fibonacci levels.
In that sense, we are currently at the 0.618 "normal" level.
From here, two ways are possible in the long term, either up to 0.786 $1,550 or down to 0.5 $1,050.
Take your pick.
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Assuming the current uptrend continues, the next mid-term target would be $ 12,200 on 09-Apr-2019
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TYPO CORRECTION:
Assuming the current uptrend continues, the next mid-term target would be $13,600 on April 9, 2019
;-)
Assuming the current uptrend continues, the next mid-term target would be $13,600 on April 9, 2019
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I do not know exactly why but an inner feeling tells me that the next path is more likely to lead to 0.5 $1,050... Can not explain that, just a gut feeling
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For the time being, next target $1,270
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New idea:
