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GOLD - Long Term Chart
Gold/EUR
Long
GOLD - Long Term Chart
By NicolasPT1
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Oct 20, 2024
2
Oct 20, 2024
Gold: here is a chart with long-term targets. This year has been very positive for gold.
My opinion is that gold and silver have lagged behind, and what is driving the increase is the massive monetary injection since 2021.
My opinion is that gold and silver have lagged behind, and what is driving the increase is the massive monetary injection since 2021.
More money in the market for roughly the same amount of goods -> rising prices.
Inflation has been reflected in everyday life and in some financial markets, but not really in gold, and even less in silver.
Certain sectors, like U.S. small caps
IWM
RUT
, have not yet made the adjustment.
Some smart investors are positioning in the U.S. small caps sector with a long-term objective, and they are absolutely right.
Chart Patterns
goldprice
Harmonic Patterns
Trend Analysis
xauusdlong
NicolasPT1
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