GOLD: Where Do We Go Now?
Gold continues to be in the beginnings of a historic bull run as I have said numerous times already; at this time, we slightly retraced about 10.00USD/oz but nothing significant - nothing to be weary of - and we are currently in a consolidation phase.
For the near future, originally, I was predicting we may gap very slightly down to about 1489-1491, however, within the last minute there was a steep and sharp gap down on the DXY by (-)0.55%; this could be a hidden indicator for those that noticed, that Gold may indeed gap up to 1507-->1510 quickly Sunday evening. Wait and see.
My next main target will be 1525 then off to about 1585. Depending on the state of geopolitical and political tension(s) and key economic data and the Fed, we may retrace from 1582 down to the 1540s. After the retrace in the upper 1580s occurs, I am targeting no other major retracement (i.e. risk of 40.00 or more) until we reach at-least 1700.
--
A lot of people have been DM'ing me asking what stocks I recommend for Gold and Silver so I will list a few of my recommendations.
Gold: Alamos, Kinross, and Eldorado
Silver: Americas Silver Corp. and First Majestic
--
zSplit
For the near future, originally, I was predicting we may gap very slightly down to about 1489-1491, however, within the last minute there was a steep and sharp gap down on the DXY by (-)0.55%; this could be a hidden indicator for those that noticed, that Gold may indeed gap up to 1507-->1510 quickly Sunday evening. Wait and see.
My next main target will be 1525 then off to about 1585. Depending on the state of geopolitical and political tension(s) and key economic data and the Fed, we may retrace from 1582 down to the 1540s. After the retrace in the upper 1580s occurs, I am targeting no other major retracement (i.e. risk of 40.00 or more) until we reach at-least 1700.
--
A lot of people have been DM'ing me asking what stocks I recommend for Gold and Silver so I will list a few of my recommendations.
Gold: Alamos, Kinross, and Eldorado
Silver: Americas Silver Corp. and First Majestic
--
zSplit
Related publications
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.