#Gold #Investment #BullMarket #CBDC #PreciousMetals #TechnicalAnalysis #GDX #FinancialMarkets
Technical analyst Clive Maund has provided an insightful analysis of gold’s performance, projecting a substantial bull market based on patterns observed in the commodity’s historical chart data. Gold, which has experienced a period of stagnation over the past four years, recently broke out, signaling the onset of what could be its most significant bull market yet. This breakout aligns with several global economic indicators, including potential currency and societal collapses, debt and derivatives market implosions, and geopolitical tensions. These factors collectively hint at an accelerated move towards a globally unified government structure and the adoption of Central Bank Digital Currencies (CBDC) as a mechanism for universal financial control.
In a detailed examination spanning two decades, Maund highlighted the formation of a significant “Cup and Handle” pattern in gold’s price chart, suggesting a strong foundation for an unprecedented bull run. The recent breakout from this pattern, particularly observed in the past month, underscores the potential for substantial gains in the gold market. This trend is reinforced by the accumulation line and bullish moving average alignments, leading to robust volume support during the breakout phase.
The technical analysis extends further to shorter-term charts, where recent price and volume activities suggest the formation of a “bull Flag / Pennant,” indicating the likelihood of an impending strong upleg in gold prices. Such a pattern suggests that gold’s market is entering “open country,” free from the constraints of previous trading ranges, and poised for further escalation.
Maund’s analysis is not limited to gold alone; it also covers gold stocks, notably through the GDX ETF, which reflects a strong initial impulse wave indicative of a bullish growth trajectory similar to historical market patterns. Despite their recent gains, gold and precious metals stocks remain substantially undervalued, offering a lucrative opportunity for investment, especially when considering their historical performance relative to gold’s price.
This technical forecast, supported by comprehensive chart analysis, presents a compelling case for both investors and analysts to closely monitor the gold market and related investment vehicles. The alignment of technical indicators with global economic trends suggests that we are on the cusp of a historic bull market in gold and precious metals.
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