Gold is in a long-term bearish trend
Since 2011 Gold is in a steady downtrend. The period from 2004-2011 appears to be a huge bubble and it's correcting down back to the mean value.
It seems Gold behaves like the market cycle shown here:
ritholtz.com/blog/wp-content/uploads/2010/06/Psychology-of-Market-Cycles.jpg
It seems Gold behaves like the market cycle shown here:
ritholtz.com/blog/wp-content/uploads/2010/06/Psychology-of-Market-Cycles.jpg
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.