GOLD Long

After the peak in 2011 at $1923/oz Gold started declining and marked the low slightly above the $1000/oz mark. There were so many speculations about the price going much lower based on fundamentals, astrology, some awkward theories, God knows what but a very few analyzed the historical charts.

The 1^st post about Gold’s rise in value against the USD has been posted back in July 2016:

#Gold #MediumTerm #TargetZone is 1673-1710, #LongTerm target #EW5 @2400 in 2018-2020 pic.twitter.com/Gvv6q4GvhO

— 𝐅𝐗 𝐈𝐌𝐏𝐄𝐑𝐈𝐉𝐀® (@fximperija) July 9, 2016

This was a pure technical analysis based on Elliott Wave Principle but has been proven priceless. I was pretty much lonely in my view at that time. The right time to get in on this last impulse wave for new highs was after primary wave 1 and wave 2 are in place. The very significant level was $1290/oz.

#Gold needs to take out EMA89 and I believe the EMA55 will be no issue.
Balls deep long at 1290. $XAUUSD pic.twitter.com/95SpIY1bdo

— 𝐅𝐗 𝐈𝐌𝐏𝐄𝐑𝐈𝐉𝐀® (@fximperija) May 7, 2019

This snapshot has been taken when price reached $1550/oz. As you can see it went straight up.

I posted on May 7th going long #Gold @ 1290 Cheers!https://t.co/MMGOdXUWea pic.twitter.com/eqtBCnTxkz

— 𝐅𝐗 𝐈𝐌𝐏𝐄𝐑𝐈𝐉𝐀® (@fximperija) September 1, 2019

The price will go up above the $2000/oz mark again.