Gold Price Chart On 20 Years Vs. New Gold Bull Market

The historic gold chart shows the dominant trends for the gold price. There is no need to look at the longest timeframes because the gold price chart on 20 years shows the ongoing dominant trend which is sufficient for gold investors. The gold price chart on 20 years reveals 2 very specific price points which are the ones that are crucial in determining when the new secular gold bull market starts. Note that these price points were also discovered in our gold price forecast 2019.

Most investors tend to forget the importance of long term charts. Some other investors tend to focus on charts that span over too long time periods. For instance, the intraday or daily gold price chart does not carry any relevant information on dominant patterns, and the 100-year gold chart is way too long to see the current pattern at play.

Specifically for gold, it is important to choose the right timeframe, and we make the point in this article that the gold price chart on 20 years is the one to look at to determine the ongoing dominant trend.

Note that the 20-year gold chart may be combined with the Gold Price Historic Chart on 40 Years although it is a not a must to do so.

We made the point before that the most dominant trend is visible on the historic 40 years gold price chart, which is true, but that is on the longest timeframe. What we are adding now is that the 20-year gold price chart shows findings that are confirming the 40-year chart which is why prefer to look at the 20-year gold chart for more specific price points.

Gold price historic chart on 20 years

Why do we consider the gold price historic chart for 20 years so important?

There is a specific reason for this. And it is visible on the chart itself.

First, market-wise, the last major gold bull market started in 2001 which is almost 20 years ago. The gold price was in a long term uptrend of 10 years after which a bear market started that is still ongoing. Having such a major bull market as well as bear market in one chart is imperative to understand the ongoing dominant trend.

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