greenvention

Gold to $2500 by 2023

Long
TVC:GOLD   CFD sur Or (US$/OZ)
In some ways I feel this is a conservative estimate, and on the other hand it could get caught up on a lot of resistance on the way there. Nevertheless, gold has recently made a clear breakout of it's multi-month consolidation period (red lines), aka bear flag that started a few years ago. If this is the case, it is likely to continue a similar uptrend (green lines) that the bull run started off on. Using fib extension, the next 100% move is around $2500. As for timing, no idea. In the title I say 2023 because that is where the green trendline intersects the 100% move on the fib extension.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.