On the technical side of things, we see a symmetrical triangle pattern that has developed over the past year. This pattern is easily recognized by the distinct shape created by two converging trendlines. The pattern contains a series of sequentially lower peaks and a series of sequentially higher troughs. Both trendlines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows. When layered on top of a sector that is already highly volatile and prone to sharp moves in either direction, the resolution of the current symmetrical triangle pattern has explosive potential.
Gold Price prediction
We don't yet have solid indication as to which way this movement will be, but my gold forecast remains to the upside for all of the fundamental reasons that were just mentioned. Furthermore, the latest breakout generated a higher high versus the April peak and the price has thus far held up above both key moving averages (100-day and 200-day). The RSI has retreated from overbought levels and has room for another major push, just as gold is heading into its strongest seasonal period of the year. Taken together, these factors lead me to believe that the eventual breakout will be to the upside.
Looking at the longer-term chart, we can see that the recent correction makes sense after such a powerful rebound that followed the financial crisis. Furthermore, specific cycles or trends start to emerge that can help us predict the potential scope of gold's next move.
First, notice how the 2008 correction retraced 50% of the prior advance. Then gold had an explosive rebound from around $700 to a new high above $1900. This gain of $1,200 was followed by a retracement of around 60% of the move. These two retracement percentages are very close the Fibonacci sequence that is a favorite predictive tool amongst technical chartists.
Lastly, note how the 2009-2011 advance of $1,200 was a little more than double the previous advance of $550. If this trend continues, we can expect the next major advance to take the gold price up by $2,400 or more. This would result in a gold price of at least $3,600 during the next upleg, although it is likely to take between two and four years to reach this level.
Of course, none of this is a guarantee of the future price movement and all technical analysis should be taken with a grain of salt. Investor sentiment and emotions also drive prices and there are any number of black swan events that could flip the current outlook on its head.
I believe it is best to view precious metals as a long-term investment, insurance policy and way to preserve wealth no matter the whims of bureaucrats, central bankers or emotional investors.
Also, keep in mind that the more important measure than viewing the gold price in fiat terms is how much purchasing power an ounce of gold can provide the owner. History shows gold's success at preserving wealth, but it can also be a significant generator of wealth when the purchasing power climbs increases.
In the worst case scenario of hyperinflation or a collapse of the dollar, even some of the most outrageous gold predictions could end up being low.
So, start counting your gold in ounces, not fiat money. And lastly, buckle up as gold comes out of hibernation and begins a major breakout to the upside within the next 6 to 12 months.
Gold Price prediction
We don't yet have solid indication as to which way this movement will be, but my gold forecast remains to the upside for all of the fundamental reasons that were just mentioned. Furthermore, the latest breakout generated a higher high versus the April peak and the price has thus far held up above both key moving averages (100-day and 200-day). The RSI has retreated from overbought levels and has room for another major push, just as gold is heading into its strongest seasonal period of the year. Taken together, these factors lead me to believe that the eventual breakout will be to the upside.
Looking at the longer-term chart, we can see that the recent correction makes sense after such a powerful rebound that followed the financial crisis. Furthermore, specific cycles or trends start to emerge that can help us predict the potential scope of gold's next move.
First, notice how the 2008 correction retraced 50% of the prior advance. Then gold had an explosive rebound from around $700 to a new high above $1900. This gain of $1,200 was followed by a retracement of around 60% of the move. These two retracement percentages are very close the Fibonacci sequence that is a favorite predictive tool amongst technical chartists.
Lastly, note how the 2009-2011 advance of $1,200 was a little more than double the previous advance of $550. If this trend continues, we can expect the next major advance to take the gold price up by $2,400 or more. This would result in a gold price of at least $3,600 during the next upleg, although it is likely to take between two and four years to reach this level.
Of course, none of this is a guarantee of the future price movement and all technical analysis should be taken with a grain of salt. Investor sentiment and emotions also drive prices and there are any number of black swan events that could flip the current outlook on its head.
I believe it is best to view precious metals as a long-term investment, insurance policy and way to preserve wealth no matter the whims of bureaucrats, central bankers or emotional investors.
Also, keep in mind that the more important measure than viewing the gold price in fiat terms is how much purchasing power an ounce of gold can provide the owner. History shows gold's success at preserving wealth, but it can also be a significant generator of wealth when the purchasing power climbs increases.
In the worst case scenario of hyperinflation or a collapse of the dollar, even some of the most outrageous gold predictions could end up being low.
So, start counting your gold in ounces, not fiat money. And lastly, buckle up as gold comes out of hibernation and begins a major breakout to the upside within the next 6 to 12 months.
samo na dolu
(това да не е кат печатницата натискаш копчетата и доларите падат ...) Ми много просто уволняват персонала нема да копат и нема злато и толкоз. Ей тука една картинка на Gold Silver ratio и той е доближил 2008 един много прост тренд и логика не му тряя на човек да види, че няма да е на 400 ако на толкова стане ми супер обръщам всичко дет може в ланци 
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