DataPatron

GOLD - Speculative macro forecast

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hi guys, as crypto space is doing absolutely nothing I've decided to look at gold market as it seems currently very interesting. In my opinion 2010 highs was long term cycle top (around 1900 USD/ounce). From that year is gold clearly in a bear market from macro perspective. I've added possible long term eliot waves. Currently possible ending wave 2 and following wave 3 can be tremendous(!) long term trading opportunity on the sell side.

I do not believe "gold bugs" with their hilarious 5-6K price predictions, gold is heading at least to 600 USD/ounce in the next years IMHO.

Take care!


-DP-

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