Commodities Analysis by Chris Kimble covering: XAU/USD, Gold Futures. Read Chris Kimble's latest article on Investing.com
This type of price action tends to drive away speculators . It also meant gold wasn’t getting many “sexy” headlines as investors weren’t overly bullish.And if today’s cycle pattern proves true, there may be a lot more attention in the future for gold.
Today’s monthly chart of Gold prices highlights a 12-year cycle pattern. As you can see, 12 years higher, followed by 12 years sideways, and now 12 years higher. If this repeating pattern in Gold holds true, it could offer active investors opportunities now and in the future. Stay tuned,Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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