#Gold
There is a 16 year cycle for gold
The low is expected around 2029
2023 will be year 8 and so far year 5 (2020) is the high
See charts for bullish vs. bearish scenarios
#DXY #USD #goldprice #GOLD #SPX $GLD $SLV #SPX #QQQ $gld $silver #goldstocks #silver #silversqueeze
There is a 16 year cycle for gold
The low is expected around 2029
2023 will be year 8 and so far year 5 (2020) is the high
See charts for bullish vs. bearish scenarios
#DXY #USD #goldprice #GOLD #SPX $GLD $SLV #SPX #QQQ $gld $silver #goldstocks #silver #silversqueeze
We are either early in a new 8 year cycle or will be at some point in 2023 so the high for this next 8 year cycle is likely to be the high for this 16 year cycle.
Maybe it comes in 2025
That increases the odds of something like $3000 as next 8 yr cycle high/16 year cycle high
Maybe it comes in 2025
That increases the odds of something like $3000 as next 8 yr cycle high/16 year cycle high
And this is all in the context of the 30 year cycle where this new high in 2025 would become the high for that cycle top
A lot to watch for in the next 2 years!
A lot to watch for in the next 2 years!
The 30 Year Gold Cycle: Technical Analysis and Price Forecast
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