Gold: The Next Parabolic Bubble?
Image Source: Unsplash
If we do see a blow-off in price at some point soon, perhaps 3000 will hold as support, since that was a technical upside target within the confluence zone of two major long-term Fibonacci levels, as per my post of December 6, 2022.
GOLD finally hit 3000 on March 11 of this year, for a gain of 68% -- and has nearly reached 3500 -- as shown on the following monthly chart.
GOLD Monthly chart
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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