June 24, 2020
What trend-line analysis suggests gold prices will be on Jan. 1 - brace yourself
by Jim Wyckoff
kitco.com
(Kitco News) - I don't like to beat around the bush and I'll bet you don't either. So, let's make this quick. Nearby Comex gold futures hit a 7.5-year high of $1,783.10 Wednesday. The August futures contract hit a high of $1,796.10. The all-time high in nearby gold futures was $1,920.70, hit in September of 2011.
Take a gander at the weekly continuation chart for nearby Comex gold futures. Prices are in an accelerating uptrend as seen by the three trend lines that get progressively steeper. Trend-line analysis, using the latest, steepest trend line, projects the following prices in the following timeframes: Sept. 1--$1,886; Nov. 1--$2,040; Jan. 1--$2,213.
Of course, technical chart analysis is an imperfect art. However, most of the “smart money� in the marketplace will attest that studying technical price charts provides more trading success than solely examining supply and demand fundamentals in a market.
http://www.kitco.com/news/2020-06-24/What-trend-line-analysis-suggests-gold-prices-will-be-on-Jan-1-brace-yourself.html

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months