How to Predict Market Movements When Approaching All-Time Highs

21 ต.ค.

When markets reach all-time highs or lows, it can be tricky to forecast where they're heading. Today, let’s focus on the gold market and how to approach markets when they hit all-time highs.

Here's my method:

1. Use of Historical Channels: In this case, I’m looking at a 13-year channel on the monthly chart. I use the breadth of this channel to measure potential upward movement. This analysis has provided me with a long-term target of $3,100 for gold.

2. Fibonacci Extensions: These are a crucial tool as well. I've identified three Fibonacci extensions that fall between $3,029 and $3,100, which align closely with the target derived from the channel analysis.

Together, these techniques give a clearer picture of potential market direction when heading into uncharted territory.

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