This is the monthly cycle analysis I have performed on Gold futures.
This data goes back to 1975.
I have identified all the major lows and I have created 7-year major cycles and 3.5 years mini cycles .
These cycles show me that an "expected" January rally in gold will be very weak and that gold will continue to fall after that into feb-march and testing the levels 1050-1100 .
After that again a weak rally , and then a potential real bottom in gold comes into June of 2022 .
Thats when I expect gold to hit the 700 level close to that support from back in 2008 .
The cycles are pretty straightforward .
The biggest damage will occur when gold breaks through 1045 level . The selling will get pretty nasty.
So far at this point we know that a major low in gold will occur in mid 2022 . Other than that , I am afraid a lot of people will get fooled by the stock market weakness and volatility that's coming ahead and a potential vix above 30
as the new norm , and think falsely that gold will be a "safe heaven" and test new all time highs.
Gold goes hand to hand with the dollar.
That should be your focus.
Not what the stock market is doing or the fed is doing about the interest rates.
Gold is not related with these factors at all.
Thanks for reading.
This data goes back to 1975.
I have identified all the major lows and I have created 7-year major cycles and 3.5 years mini cycles .
These cycles show me that an "expected" January rally in gold will be very weak and that gold will continue to fall after that into feb-march and testing the levels 1050-1100 .
After that again a weak rally , and then a potential real bottom in gold comes into June of 2022 .
Thats when I expect gold to hit the 700 level close to that support from back in 2008 .
The cycles are pretty straightforward .
The biggest damage will occur when gold breaks through 1045 level . The selling will get pretty nasty.
So far at this point we know that a major low in gold will occur in mid 2022 . Other than that , I am afraid a lot of people will get fooled by the stock market weakness and volatility that's coming ahead and a potential vix above 30
as the new norm , and think falsely that gold will be a "safe heaven" and test new all time highs.
Gold goes hand to hand with the dollar.
That should be your focus.
Not what the stock market is doing or the fed is doing about the interest rates.
Gold is not related with these factors at all.
Thanks for reading.