Gold to 2800 Part 2 (Macro Call)
A macro call refers to one that will not occur immediately or in the short-term. It is tied in to a long view of both the stock market and economy. Typically a macro call I forecast will take months to years (usually no longer than 2yrs).
Since Part 1 -
Gold has broken out of the bull flag, taken a breather to back-test the breakout line and is now launching upwards on news of potential additional bank failures [bull flag confirmed]. Very encouraging for gold investors.
Oil has also slid recently and going in to a recessionary environment, oil demand will continue to weaken in my view meaning lower operating costs for gold miners. A big plus for them.
My 2 favorite gold miners with excellent weekly & monthly bullish chart set-ups:
Barrick Gold
GLD (25+ PT)
Agnico
AEM
Since Part 1 -
Gold has broken out of the bull flag, taken a breather to back-test the breakout line and is now launching upwards on news of potential additional bank failures [bull flag confirmed]. Very encouraging for gold investors.
Oil has also slid recently and going in to a recessionary environment, oil demand will continue to weaken in my view meaning lower operating costs for gold miners. A big plus for them.
My 2 favorite gold miners with excellent weekly & monthly bullish chart set-ups:
Barrick Gold
GLD (25+ PT)Agnico
AEMNote
Agnico AEM 
Trade active
Corrected Barrick Chart:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.