GOLD Price Analysis - Long Term Target $ 2600
Hello everyone,
I would like to take a very long-term look at gold.
I am looking at this gold trade as a hedge for my portfolio!
- Gold should be in my portfolio as a hedge against inflation, so I am interested in a very long-term position.
- Gold is still clearly bullish
- Currently the price is in a correction
- I expect prices to continue falling
- I would like to define a zone at which, in my view, it could be worth buying
The plan:
- Have a lot of patience
- I would like to use the golden pocket of the last rally for a very long-term entry
- The lower trend line and the last prominent high are my backup and extend the buy zone.
- It would be conceivable that the target zone would not be reached until 2028.
The buy zone extends from 1509$ to 1395$.
The target zone extends from 2600$ to 2640$.
In this sense,
Greetings & Keep it simple
Max
I would like to take a very long-term look at gold.
I am looking at this gold trade as a hedge for my portfolio!
- Gold should be in my portfolio as a hedge against inflation, so I am interested in a very long-term position.
- Gold is still clearly bullish
- Currently the price is in a correction
- I expect prices to continue falling
- I would like to define a zone at which, in my view, it could be worth buying
The plan:
- Have a lot of patience
- I would like to use the golden pocket of the last rally for a very long-term entry
- The lower trend line and the last prominent high are my backup and extend the buy zone.
- It would be conceivable that the target zone would not be reached until 2028.
The buy zone extends from 1509$ to 1395$.
The target zone extends from 2600$ to 2640$.
In this sense,
Greetings & Keep it simple
Max
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