Over a decade ago, Gold rallied past its 1980 highs and over $1000/oz at (1) on today’s chart.
That rise to new highs was met with a 30 percent correction at (2), followed by a blast off rally to new highs.
Is gold setting up for a repeat of its past?
Gold recently rallied past its 2011 highs and above $2000/oz. Could Gold soon turn lower for a sharp correction before another blast off toward $3000?
If so, Gold bulls should look for a pullback, before blasting higher. Stay tuned!