Gold (XAU/USD) Monthly Candlesticks & Ichimoku Chart
We started the month with the Silver chart and we will end the month with the Gold chart. With this strong break through the previous all-time high, the FOMO that will soon grip the market will be yet another driving force that will push the price ever higher. Money printing that never stops is the dominant force for prices to continue higher into the stratosphere.
Gold has broken thru all-time highs of 1920–21 recorded in 2011 easily. This cycle of incessant money printing will lift it much higher than before. 2,700 is the target based on the monthly chart.
Gold has broken thru all-time highs of 1920–21 recorded in 2011 easily. This cycle of incessant money printing will lift it much higher than before. 2,700 is the target based on the monthly chart.