According to Martin Armstrong, for the best-case gold price target of $5k+ per ounce we would be best to see a breakdown below the current long-term support to see $1045 to form a slingshot move.
Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.
Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.
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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.