Gold - Bearish Rising Channel Theory

20 ביולי

Gold has formed a rising channel like it did in spring of 2023 before stagnating and declining for over 6 months. Using the resulting price direction to the bottom and then the direction to the new ATH and applying those directions to the current high, a target of a new ATH in July of 2025 (next year) has been established. Another assumption is that gold must retest the $2070 level from which is took off vertically from. This is projected to happen around late March of next year.