BradMatheny

Gold is targeting $1860 & $1899 - Beyond $2300 in 2023

Long
COMEX:GC1!   Gold Futures
Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally.

Current base level is near $1670 to $1710.

Normal rally results in a $400 to $475 rally phase before exhausting.

My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be near $2150 to $2225.

Remember, this is just the start of this rally (just like in 2003~05). The real rally in Gold will start in 2027~2030.

Follow my research.

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.