Phân tíchHàng hóaGold’s Most Bullish Setup in 50 Years

Gold’s Most Bullish Setup in 50 Years

Vàng’s Most Bullish Setup in 50 Years

Gold is at a very important juncture in its history. It has formed a bullish cup and handle pattern and a now 12-year-long base. Cup and handle patterns are among technical analysis’s most reliably bullish patterns. Furthermore, multi-decade-long bases tend to give way to multi-year and multi-decade rises. The setup is in place for a very exciting Gold market over the years and decades ahead. In past lessons, I explained the importance of Intermarket analysis for Gold and the entire precious metals sector.

Gold must outperform the stock market and other asset classes to be in a secular bull market. In recent years Gold has trended higher but not outperformed the stock market, and as a result, the precious metals sector (the mining stocks and Silver especially) has remained in a secular bear market.

This cup and handle pattern is stronger than typical because the right side of the cup, having reached ~$2050/oz, is higher than the left side, the 2011 peak of $1920/oz. Also, the handle, for other than a few weeks, has consolidated above its 38% retracement in the upper $1600s. The measured upside target is around $3,000/oz, while the log target is approximately $4,000/oz.

To summarize this lesson, Gold remains in a super-bullish base and cup and handle pattern that will lead to an explosive upside move once Gold outperforms the stock market and conventional 60/40 portfolio. The inevitable breakout for Gold may require another 12 to 18 months to occur, which in terms of time, would match the length of the bases in the S&P 500 from 1937 to 1950, 1968 to 1981, and 2000 to 2013, and the base in the Hang Seng (Hong Kong) from 1973 to 1986.

It is essential to understand that while the breakout will have super bullish implications for Gold in the first few years that follow, it will mark the start of a new secular bull market in Gold. Breakouts from these long bases lead to advances that last at least a decade.

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Jordan-Roy-Byrne-CMT23
Jordan-Roy-Byrne-CMT23
I’m Jordan Roy-Byrne, CMT, MFTA the editor and publisher of TheDailyGold.com and TheDailyGold Premium, our premium publication which emphasizes market timing and stock selection for precious metals investors. I’m a Chartered Market Technician and Master of Financial Technical Analysis. My Masters Thesis, which earned me the MFTA designation was published in the International Federation of Technical Analysis Journal. I earned a degree in General Studies from the University of Washington with a concentration in International Economic Development. In my spare time I enjoy weightlifting, following sports, National Parks, classic mob movies and traveling with my outdoors enthusiast wife. TheDailyGold I started TheDailyGold.com in 2009 although the genesis was in 2005 when I started a free newsletter covering commodities with an emphasis on Gold & Silver. We offer quite a bit of free content here and can help you whether you are a seasoned investor or this is your first time stumbling upon Gold and the junior mining world. First, go here to obtain a copy of our 2019 Book The Coming New Bull Market in Gold: Why Precious Metals Investments Will Flourish in the 2020s and 2030s. From there, we will also send you our weekly newsletter, which includes our latest content and thoughts on Gold and gold stocks. The book contains all of our best research on Gold and lays out what you can expect from the economy, capital markets and precious metals over the next 10 to 15 years. It is very important to me to educate people and help them profit immensely and avoid losing real wealth, which will deteriorate if you hold US-based assets over the next 10 to 15 years. Next, be sure to subscribe to our YouTube Channel as well as our podcasts: TheDailyGold Podcast and the new, 10-Bagger Podcast. Contact I can be reached at Jordan @ The Daily Gold . com (spaces removed to prevent spam). I try to answer every email but emails from subscribers are paramount. We currently are not interested in any advertising and we do not accept any guest posts or sponsored posts.
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