Danutz86

History repeats itself with Gold

Long
COMEX:GC1!   Gold Futures
In 1980 $GOLD found resistance line around 774 below all time high and didn't touch that line 27 YEARS until 2007 when it broke resistance line BUT retested that line in 2008. From that line 774 Gold skyrocket until 2011 when did another all time high and another important resistance line around 1800 then it didn't touch that line 9 YEARS until this year, and the same as in 2008 Gold just retested that line. So both retested came in Global Crisis 2008 and 2020. If this pattern is working I expect Gold to skyrocket again.
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