1592 is what I look at to be reached in end November 2017.
Technical catalysts:
Catalyst 1: Exceed previous high of 1264.
Catalyst 2: Break of "bear market line" @ approx 1280.
Catalyst 3: Making higher high than 1375.
Geometric and other technical aspects are pointing to 1590-1600 as a likely target.
Fundamental catalysts:
Catalyst 1: Stock market going into yearly cycle low and risk-diversification assets are more in demand
Catalyst 2: Rising inflation while real interest rates can't keep up
Catalyst 3: The dollar is going into yearly cycle low
Catalyst 4: Higher political / global uncertainty
Sentiment among retail still very bearish while commercials bullish. The ingredients are set. Looking to long from 1230-1215.
Technical catalysts:
Catalyst 1: Exceed previous high of 1264.
Catalyst 2: Break of "bear market line" @ approx 1280.
Catalyst 3: Making higher high than 1375.
Geometric and other technical aspects are pointing to 1590-1600 as a likely target.
Fundamental catalysts:
Catalyst 1: Stock market going into yearly cycle low and risk-diversification assets are more in demand
Catalyst 2: Rising inflation while real interest rates can't keep up
Catalyst 3: The dollar is going into yearly cycle low
Catalyst 4: Higher political / global uncertainty
Sentiment among retail still very bearish while commercials bullish. The ingredients are set. Looking to long from 1230-1215.
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Looks like statistics also like this target.
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Now, unleash the bull.
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2017 target adjusted down to 1407. That would probably yield 2 usd more since gold has a tendency to not be exact. So lets say 1409.
