Gold likely going lower until rate cuts in 2024
#GOLD sell we posted (trading portion) was SPOT ON (tee hee)
Barring something out of ordinary
GLD
is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day.
The precious metal is likely headed towards 1800 area.
The last chart shows all major support levels by the dashed green line.
We will wait for reversals @ support levels.
Barring something out of ordinary
GLD
is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day. The precious metal is likely headed towards 1800 area.
The last chart shows all major support levels by the dashed green line.
We will wait for reversals @ support levels.