XAUUSD Long Term Analysis...

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The gold W1 graph shows clearly identifiable fractal motions. Analysis assumes that Target Level 1 1850 usd may be within the foreseeable future. In the event that the fractal continues to build, there may be a significant correction. Target level 2 can be around 3165 usd.
Are you putting money on that and waiting until Sept 2022? 😲😂
It's crazy, I was just about to post my long term analysis of Gold & it was somewhat similar! I agree with your analysis almost 100%.

I also believe next year and the coming years worldwide, there will be a recession, so Gold will be an ideal safe haven asset to invest in..
@Jaxpx, Thanks for the comment. I'm glad we agree. In my opinion, even gold mines have higher shares than gold. Barrick Gold (GOLD) shares rose 60% over the 20% rise in gold last month. Almost 3 times.
+2 Reply
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