Gold to 2800 Part 2 (Macro Call)
A macro call refers to one that will not occur immediately or in the short-term. It is tied in to a long view of both the stock market and economy. Typically a macro call I forecast will take months to years (usually no longer than 2yrs).
Since Part 1 -
Gold has broken out of the bull flag, taken a breather to back-test the breakout line and is now launching upwards on news of potential additional bank failures [bull flag confirmed]. Very encouraging for gold investors.
Oil has also slid recently and going in to a recessionary environment, oil demand will continue to weaken in my view meaning lower operating costs for gold miners. A big plus for them.
My 2 favorite gold miners with excellent weekly & monthly bullish chart set-ups:
Barrick Gold
GLD (25+ PT)
Agnico
AEM
Since Part 1 -
Gold has broken out of the bull flag, taken a breather to back-test the breakout line and is now launching upwards on news of potential additional bank failures [bull flag confirmed]. Very encouraging for gold investors.
Oil has also slid recently and going in to a recessionary environment, oil demand will continue to weaken in my view meaning lower operating costs for gold miners. A big plus for them.
My 2 favorite gold miners with excellent weekly & monthly bullish chart set-ups:
Barrick Gold
GLD (25+ PT)Agnico
AEMCatatan
Agnico AEM 
Trade aktif
Corrected Barrick Chart:
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.