The next war target from a cyclical perspective is January 6th according to the Socrates Ukraine Model (source: Ask-Socrates.com). This could potentially be the date Russia attacks Ukraine. Russia has been building up its troops close to their border and war could erupt in early January. This should bring the price of Gold up, as it is a hedge against war.
The collapse in government-confidence world wide is also backing up a Gold rally come 2022.
The long term target in Gold is $6000/ounce.
If price rallies, it will continue in the angle plotted on the chart, which is derived from the major cycle low.
The collapse in government-confidence world wide is also backing up a Gold rally come 2022.
The long term target in Gold is $6000/ounce.
If price rallies, it will continue in the angle plotted on the chart, which is derived from the major cycle low.