GOLD-INAUGURATION DAY 2021 TARGET 2800$|SUPER-CYCLE TARGET 3600

Monthly chart that's quite self-explanatory.

There's no reason that the current trend that's lasted 20 years would suddenly break, unless the FED start raising rates which would absolutely obliterate the already crumbling economy.

Compared to 2008-2009, money growth has surged almost twice as fast fred.stlouisfed.org/series/M2. Simply going off from the previous extension that occurred post 08' where gold rose close to 2000 by 2011, assuming such an extension(+85% from the previous peak) occurs, we should expect a top in the range of 3500-4000$.

The near term target by inauguration day 2021, should be in the range of 2450-2800, depending on the amount of stimulus expected to be announced by the end of August, and of course who'd win the 2020 US election.

Interesting relationship: should expect a strong correlation of gold and US big tech as long as handouts keep on flowing and inflation is below ~6%. This may change, if the tax code is amended ~2022-2023.

It's been some time since I last shared an investing idea. Open to comments,ideas, discussions. Thank you for following.

-Step_ahead_ofthemarket
________________________________________________________________________________________
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated!

Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.

dollarDXYelectionFundamental AnalysisGoldTrend AnalysisWave AnalysisXAUUSD

Related publications

Disclaimer