Extrapolating fib data from previous gold bull cycles, we see that the 0.618, 1, and 2 fib extensions play important roles as resistance, support, and targets.
fib extensions (previous 2 cycles) 0.618: resistance into support 1: target (crisis year: 2008 / ~2027) 2: target (start of new cycle: 2011/2012 / ~2030) 1: target (retrace: [1982/85/99/01] / 2016 / 2034(?))
2 to 5 years after peak
(Note: Crisis years and cycle tops are based on the 18.6 year real estate cycle).
These are long plays, multiple months and years, for 30% - 100% gains.
The nicest looks to be the potential short off of the 1 fib to 0.618 fib as support, which should happen around 2027.
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