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The Long-Term Gold Set-Up Exhibits Meaningful Upside Potential

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Spot GOLD has climbed from a 6-year low at $1046.20 (12/03/15) to a recovery high of $1263.51 (2/11/16), a gain of 21% in a relatively short period of time, but a timeframe fraught with economic, financial market, and political turmoil to be sure. What is fascinating about the longer-term set-up in GOLD is that the 2011 to 2015 bear phase represented almost an exact 50% correction of the 1999 to 2011 bull market ($250 to $1921). This is important because the violent upmove off of the 50%

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