XAU/USD Gold price forecast, Buy, Target 5321 (+185.31%)
Gold (XAU/USD, Spot Gold)
Trade : Buy
Entry : 1865
Target : 5321 (3456, +185.31%)
Stop : 1699 (-166, -8.9%)
Posted on Wednesday, December 16, 2020
Note : There are various opinions about the price of gold. In my opinion, the price of gold is on its Upward Trend, and will continue to rise to a level people can not imagine. There is so and too much paper money in the world that will fire the gold price up. In the long run, gold price would rise over 10,000 per ounce at least. I don't know how much the end will be. 30,000? 50,000? ...
At this point in time, supports are 1700 and 1450. Perhaps, this correction would end at the above of 1700. When gold price drop, it will be a good opportunities to buy at lower price. The next targets could be 2800, 3315 and 5320. They are likely to fluctuate heavily around 3300. Those who buy Physical Gold will not simply aim for capital gains. Because physical gold is the only means for protecting oneself and their family from coming cataclysm. Of course, gold should be kept in a safe place from anyone, thieves, robbers, governments... The only money is Physical Gold.
Trade : Buy
Entry : 1865
Target : 5321 (3456, +185.31%)
Stop : 1699 (-166, -8.9%)
Posted on Wednesday, December 16, 2020
Note : There are various opinions about the price of gold. In my opinion, the price of gold is on its Upward Trend, and will continue to rise to a level people can not imagine. There is so and too much paper money in the world that will fire the gold price up. In the long run, gold price would rise over 10,000 per ounce at least. I don't know how much the end will be. 30,000? 50,000? ...
At this point in time, supports are 1700 and 1450. Perhaps, this correction would end at the above of 1700. When gold price drop, it will be a good opportunities to buy at lower price. The next targets could be 2800, 3315 and 5320. They are likely to fluctuate heavily around 3300. Those who buy Physical Gold will not simply aim for capital gains. Because physical gold is the only means for protecting oneself and their family from coming cataclysm. Of course, gold should be kept in a safe place from anyone, thieves, robbers, governments... The only money is Physical Gold.
Trade closed: stop reached:
...