Long Trend Gold can potential build new higher until 2500-3000
Gold potential allows up to 2500-3000 in the next few month.
After the formation of a higher high on September 1, 2011 at 1912, gold corrected and made a base between the levels of 1438 to 1042 or what is known as the pychology area, for sellers and buyers. after the build formation of the pcyhology area, gold rise as high as possible to make a higher high level to achieve, reaching the highest level from the beginning, gold began to be traded on the stock exchange since 1975 at level 2079. with the build formation of a new high level, technically the price of gold has the potential to rise even higher according to technical analysis calculations, because it has already breakout the 1912 area and made a new higher high without build forming a new lower low. thus the potential rise price of gold. after making a retrace on August 3, 2001 and corrected on August 2, 2021 to the level of 1672. and the trendline after the breakout on February 1, 2022 indicates that gold will continue to rise to the fibo level of 161.8 or at the price of 2500, and even possible until to the price level of 3000-3500 where the level of 261.8 is located. besides that. in fundamental analysis. the demand for gold both for manufacturing digital computing in the era of modernization or in the era of all-digital and robotics is growing, as well as in the form of a safe haven that is getting bigger to keep the value of money from being eroded by the inflation rate which is getting higher day by day in developed countries , but supply or supply is limited. coupled with some tensions another developed countries that resulted in the effects of war that can not be avoided. and several pandemics that are taking place globally, making the demand for this precious metal even greater.
After the formation of a higher high on September 1, 2011 at 1912, gold corrected and made a base between the levels of 1438 to 1042 or what is known as the pychology area, for sellers and buyers. after the build formation of the pcyhology area, gold rise as high as possible to make a higher high level to achieve, reaching the highest level from the beginning, gold began to be traded on the stock exchange since 1975 at level 2079. with the build formation of a new high level, technically the price of gold has the potential to rise even higher according to technical analysis calculations, because it has already breakout the 1912 area and made a new higher high without build forming a new lower low. thus the potential rise price of gold. after making a retrace on August 3, 2001 and corrected on August 2, 2021 to the level of 1672. and the trendline after the breakout on February 1, 2022 indicates that gold will continue to rise to the fibo level of 161.8 or at the price of 2500, and even possible until to the price level of 3000-3500 where the level of 261.8 is located. besides that. in fundamental analysis. the demand for gold both for manufacturing digital computing in the era of modernization or in the era of all-digital and robotics is growing, as well as in the form of a safe haven that is getting bigger to keep the value of money from being eroded by the inflation rate which is getting higher day by day in developed countries , but supply or supply is limited. coupled with some tensions another developed countries that resulted in the effects of war that can not be avoided. and several pandemics that are taking place globally, making the demand for this precious metal even greater.