Gold is about to re-enter its long term trendline, as presented on the following chart, courtesy of the most comprehensive precious metals chart center Goldchartsrus.
The chart shows the gold price in a range based on a 95% prediction band. The stand-out feature on the chart is how gold remained within the range for most of the time in the past 10 years. The two exceptions were gold’s peak in the summer of 2011 and the collapse in 2013.
This is definitely a sign of strength going forward.
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