![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2020\/02\/Chart1722Gold.png\")
<\/a>![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2020\/02\/Chart1723Gold.png\")
<\/a><\/p>\nOnly horizontal resistance ‘zones’ lie between here and the old highs. The next chart ties all of this in to where we are in the 15\/16 year gold cycle, and explains why I’ve been bullish since the cycle low in 2015\/16. Many don’t believe in cycles, but you can’t deny the gold cycle has done it’s thing again…<\/p>\n
So now we’re in a bull market, we have a different set of expectations when using the indicators. The only exception is likely to be the lead up to the mid-cycle low (2023). A repeat of the 2008 plunge is perfectly possible…<\/p>\n As this bull market unfolds, we can ‘adjust’ our expectations. I stated a while back that I expected over $1700 by March\/April, perhaps even over $1800. That appears increasingly likely. I now expect the old highs to be challenged this year. A sizeable pullback is likely, in order to fuel the surge past $1900. We have plenty of time before the necessary mid-cycle ‘plunge’, with several years after that to the ultimate peak which could be around 2030.<\/p>\n So where will the gold price be by then ? I’m going to go back to some of the charts I prepared years ago, but $5000 to $10000 is not at all unreasonable. You may be thinking ‘woah, that’s crazy talk’ and you will hear a lot of whooping and hollering as we progress.<\/p>\n The point is – if we surpass $1900 so early on in the bull cycle – where do you think we’re going to end up ? Remember, we went from $250 to $1900 last time, that’s almost an 8-fold increase. I’ve said repeatedly ‘one step at a time’, but I think we’ve come far enough, fast enough, to be able to start extrapolating some early conclusions and laying out a framework for the future.<\/p>\n I’ll be putting together a ‘model’ for the next 10 years, which I’ll monitor as the price action unfolds, constantly taking the latest observations into account and feeding that back in to adjust and refine the model. It’s how we forecast the weather, and it seems to be working pretty well with trying to get a handle on the gold action.<\/p>\n One step at a time, but with an eye on the big picture \ud83d\ude42<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" ALL bear market downtrend resistance lines have been broken to the upside on log and non-log price charts for gold. We are no longer in bear market territory. All other major global currencies have been in this position for a … Continue reading <\/a><\/p>\n<\/a><\/a><\/p>\n