🥇 Gold Bull-Run To New All-Time High $2,177 Followed by $2,359
Updated
This is the best week for Gold (XAUUSD) since March 2020, which says a lot about the current condition of the financial markets.
In a previous trade idea our Gold new All-Time High target was set at $2,177.
Based on what is happening, the banks burning through hundreds and hundreds of billions of dollars from their beloved depositors and this instead causing the collapse of the baking system and thus the financial system, Gold is set to continue growing and move even higher.
This week Gold produced a "volume breakout", with the highest buy volume since June 2022, notice that date again.
As the people prepare to lose their homes and everything else and the bankers prepare for massive fat checks and bonuses, yes, as they destroy the world economy and the savings of billions of people they are paid big-fat bonuses... Gold is very likely to move past its new ATH and hit $2,359.
Since this is a long-term crash that we are going to have, even more is possible in this upcoming Gold bull-run.
This is a repeat of 2008 but the consequences won't be the same.
In 2008, they just hit delete, the gamblers got paid for loosing and then started gambling again with savers funds until this day.
With Cryptocurrency now as an alternative that cannot be created out of "thin air", many people might look elsewhere when deciding for a place to park their savings for the long-term.
Don't get me wrong, the banking system will continue to exist, people will continue to use savings, checking accounts and credit cards.
They will just lose their monopoly, the result of their own lack of consciousness and nobody will care.
They will come out winning endlessly rich and people won't have a choice but to move away... But they will remember and say "Never again".
Namaste.
In a previous trade idea our Gold new All-Time High target was set at $2,177.
Based on what is happening, the banks burning through hundreds and hundreds of billions of dollars from their beloved depositors and this instead causing the collapse of the baking system and thus the financial system, Gold is set to continue growing and move even higher.
This week Gold produced a "volume breakout", with the highest buy volume since June 2022, notice that date again.
As the people prepare to lose their homes and everything else and the bankers prepare for massive fat checks and bonuses, yes, as they destroy the world economy and the savings of billions of people they are paid big-fat bonuses... Gold is very likely to move past its new ATH and hit $2,359.
Since this is a long-term crash that we are going to have, even more is possible in this upcoming Gold bull-run.
This is a repeat of 2008 but the consequences won't be the same.
In 2008, they just hit delete, the gamblers got paid for loosing and then started gambling again with savers funds until this day.
With Cryptocurrency now as an alternative that cannot be created out of "thin air", many people might look elsewhere when deciding for a place to park their savings for the long-term.
Don't get me wrong, the banking system will continue to exist, people will continue to use savings, checking accounts and credit cards.
They will just lose their monopoly, the result of their own lack of consciousness and nobody will care.
They will come out winning endlessly rich and people won't have a choice but to move away... But they will remember and say "Never again".
Namaste.
Note
The week starts with Gold moving above $2,000 and hitting its highest level since March 2022: The chart looks completely bullish, XAUSD, a ready to continue straight up.
- Good volume.
- Above Fib. number.
- Next target new ATH as mentioned.
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