SayMoney

GOLD is UN VALUATED! This is a CHANCE for a safe PROFIT!

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello everyone!

We all know that gold is the safest investment in the long term.
Inflation is rising and in my opinion, it does not look like it will end this year.
What I'm writing is contradictory to what they are talking about on television, but I know there's more to it.
Gold is undervalued and should cost at least $ 3,000 during this time. Taking into account the purchasing power of "money" and the demand for gold.

Since the rally which started at the end of 2018, the price has increased by 76% in less than 2 years!
If we were to repeat this with a percentage, the price would hit $ 3,200

1 # The first target of the flag pattern is $ 2250, assuming there is a retest at the indicated location.
Strong resistance to break is in place of the previous $ 2075 ATH. In my opinion, we will jump over it with ease.
2 # Second target at $ 2700. A place that matches FIB 2.618 together and potentially the same height,
which took place in 2019.

It's worth investing with gold the long term.
We can be sure that it will only go up.

Comment and like,
Greetings

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.