GOLD: Next Major Advance Underway
Hello traders,
Gold has finally wrapped up its several month long cyclical and intermediate low and is on the verge of its next major advance which will wrap up sometime between the very end of 2020 to the end of January.
In this next advance I am looking for a minimum target of 2300, but we could go as high as 2500 depending on the US dollar. I suspect during this time, the DXY will hit a minimum target of 85.
During this advance, GDX will make a move to the mid 50s and the GDXJ will make an advance near 100; juniors will be the "place to be" for mining stocks.
- zSplit
Gold has finally wrapped up its several month long cyclical and intermediate low and is on the verge of its next major advance which will wrap up sometime between the very end of 2020 to the end of January.
In this next advance I am looking for a minimum target of 2300, but we could go as high as 2500 depending on the US dollar. I suspect during this time, the DXY will hit a minimum target of 85.
During this advance, GDX will make a move to the mid 50s and the GDXJ will make an advance near 100; juniors will be the "place to be" for mining stocks.
- zSplit
