The rounded bottom gives us a long-term target ( 9 Years) pricing GLD ETF at ~260 approx.
Fundamentals on Gold are solid, and inflation rate trending up in various countries (G30),
would take gold to accomplish levels shown here.
The shorter time projection for April 2021 should meet ~220 USD/share.
At the moment key resistance level has been tested (~180 USD),...
Monthly chart, testing levels pre-pandemia, heading resistance at 1047 aprox.
After breakout, could retest the line as confirmation for long towards 1400-1500 USD.
Today September 16th 2020, FED in USA about to release it's confirmation on Interest Rates, and inflation politics for next economic period.
Previously in early 2000's, historically same projection had...