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Tuesday, 25 June 2019

Gold, Gold Stocks and Gold ETFs: 25 June 2019, Tuesday

Gold Daily Chart Technicals:
14 June 2019, Friday
(Click on the Technical Chart Above to Expand)

Attached is the more macroscopic Technicals for Gold. As per reiterated in the past years, in this economic cycle of the new normal:

1. When stocks are bullish, Gold will rise with the bull market gradually to beyond $2000 an ounce.

2. When stocks are bearish, Gold will rise even faster and sharply beyond $2000 an ounce. Gold becomes 100% sure-winner.

3. Gold's rise to backtest a $1550-$1600 previous neckline was a guarantee based on technicals.

4. Gold's rise to beyond $2000 was a guarantee now because accumulation was not as small as I had initially anticipated in 2013.

5. Lastly, because Gold's re-accumulation was very massive and very deliberate, an investment target price of $2500-$3000 for Gold investors and Gold ETF investors can be expected.

The Donovan Norfolk Technical Rating:
Bullish short term, mid term and long term.
Gold and Gold ETFs are a buy.


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