As pointed out in my latest GOLD chart, this is just an opinion from little old me, so don’t get your knickers in a twist.
0.786 Retracement has been absolutely ROCK-SOLID.
I believe, long term, this next wave up will be massive!
There will be plenty of resistance on the way up:
$21.31 will be tough to break
$35.67
Above previous high we then look to $59.52
Fib ext 1.618 takes us up to $87.86
Fib ext 2.618 takes us up to $133.61
Is it really that far fetched? If shit really hits the fan, I think that’s just the tip of the iceberg personally. With some predictions about mining operations ceasing to operate from around 2030 and no more PM’s being pulled out of the ground.... what happens to the price of a commodity with huge industrial and electronic manufacturing demand?
Let me know your thoughts, and keep it friendly.... no one really knows at the end of the day, unless you’re JP Morgan of course haha.
Trade safe,
The Colonel xxx
0.786 Retracement has been absolutely ROCK-SOLID.
I believe, long term, this next wave up will be massive!
There will be plenty of resistance on the way up:
$21.31 will be tough to break
$35.67
Above previous high we then look to $59.52
Fib ext 1.618 takes us up to $87.86
Fib ext 2.618 takes us up to $133.61
Is it really that far fetched? If shit really hits the fan, I think that’s just the tip of the iceberg personally. With some predictions about mining operations ceasing to operate from around 2030 and no more PM’s being pulled out of the ground.... what happens to the price of a commodity with huge industrial and electronic manufacturing demand?
Let me know your thoughts, and keep it friendly.... no one really knows at the end of the day, unless you’re JP Morgan of course haha.
Trade safe,
The Colonel xxx
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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.