Physical things that you can hold, are scare and have been used for thousands of years for value storage. With national currencies being unstable and inflationary or based on debt, gold will once again be our good friend.
It retraced to 4 of uptrend Elliot wave, which is a normal correction and looking long-term it looks bullish and up for a new larger cycle!
Expecting gold to retest it's all-time high, next up 2947 USD! Once we break out of this consolidation triangle momentum will really start to kick in, this would be second wave of the larger cycle which is normally the longest and normally increases in growth-rate. So expect it to grow even faster than before.
It retraced to 4 of uptrend Elliot wave, which is a normal correction and looking long-term it looks bullish and up for a new larger cycle!
Expecting gold to retest it's all-time high, next up 2947 USD! Once we break out of this consolidation triangle momentum will really start to kick in, this would be second wave of the larger cycle which is normally the longest and normally increases in growth-rate. So expect it to grow even faster than before.