GOLD $XAUUSD going to $2,100 or $1,575 - but definitely $1,575

Oct 13, 2021

I can see this taking a run up before crashing down in an epic fire due to deflationary forces seeking a haven for dollars. Good place for a straddle or married put scenario with a miner like Barrick or Newmont. Notice various run-ups before had a large run-up day, followed by a slightly higher day, before correcting hard (Friday or Monday). If it doesn't, $1,900 will happen and possibly a run up to $2,000 or $2,100 depending on how froggy people are feeling. But make no mistake, yields and the dollar will be rising soon. Gold will crash and bottom out for 3-4 months before launching. Bottoming could last the rest of next year depending on deflationary forces.