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Is Gold Price Setting Up For A Rally Above $2000 Again? :: The Market Oracle ::


In Part I of this research article, I tried to highlight the major market cycle phases that often drive volatility, uncertainty, and bigger trends in the US/Global markets as well as Precious Metals.  Additionally, my team and I highlighted the technical confluence pattern that has setup as Gold prices have rallied above downward sloping price channels (price Flags) recently.  This confluence of technical patterns, while we are transitioning into a post-COVID-19 global economy, suggests that excess credit/debt issues throughout the global financial markets are seeking safety in preparation for some type of market reversion event.
The recent move above $1900 in gold shows that precious metals are likely entering a new bullish price phase.  We highlighted this in a May 3rd research article suggesting that a new advancing cycle phase may push Gold to levels above $2100.  If our research is correct, Gold may continue to rally higher – reaching a pea ....

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