Ideally, this thread is not the best place to discuss targets based on monthly chart coz the time horizon can go as far as many years & sometimes even decades. Most members here would find it hard to understand such analysis. I have tried this & its very hard to explain a view and understand other's.
With that said, I do not mean to discourage anyone from sharing their analysis regardless of the time horizon. Feel free.
With that said, I do not mean to discourage anyone from sharing their analysis regardless of the time horizon. Feel free.
Disliked{quote} I whole heartedly agree with your statement...there should be a disclaimer before the funnymentals are released saying,"for entertainment purposes ONLY". When "just trading the charts" ...I would add that you need to be objective when trading the charts.... no bulls no bears...just what are the charts telling you. Having said that, I think you maybe a bit premature on the 2400 target. I've shorted gold here @1188,63 tgt in the short term @1129. I believe 1095/99 is viable and lower before we get the reversal in the trend which seems to be...Ignored
Disliked{quote} I am not saying it will reach 2400 in the next 12 months I am telling you what my fib is telling me, all indicators LAG , its a visual representation of what price has started to do, IMO fibs are the only leading indicator telling you where price will go in the future........ I cant say how long it will take to get there (because i am not versed in fib time tool), 2 years ect but at that level I know to short again !!! Price bounced between two monthly fib levels 1312 and 1184 not quite touching my monthly fib level at 1168 , now that it...Ignored
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