Safe Haven? Gold Prepares for Multiyear Descent

3 ม.ค. 2022

Appearing to be within an internal C wave, within a Primary Wave 4 correction, I expect Gold to slowly lose momentum over the next year. Anticipating a 2022-2023 retest of the higher $1800 range, without securing a high above the $1917 price point, all that the pump brings will be in vain. Based on my current assessment of XAUUSD, I predict that the value of this metal will return to pre-2020 levels (below $1400). Support should be discovered in this range; if so, XAU may then be ready for yet another ATH.