Today, Michael Oliver, the man renowned for his accurate forecasts on stocks, bonds, and major markets, shared his prediction that the current crisis will propel the price of gold significantly above $3,000. According to Oliver, the momentum charts indicate a breakout in the gold market, solidifying the end of a three-year pause in the bull trend and marking the beginning of an acceleration phase. The resistance faced at the $2450+ level has been overcome, paving the way for a potential surge beyond $3000. With historical trends suggesting significant upward movement in gold prices following extended bull trends, Oliver emphasizes that the current crisis, exacerbated by unprecedented monetary and asset class dynamics, will drive gold to new heights, surpassing previous patterns. Expectations are high for gold, miners, and silver as global monetary authorities navigate uncharted waters, ensuring dramatic outcomes in various sectors, notably monetary metals. While uncertainties loom, Oliver’s insights shed light on the potential for a significant upward trajectory in the price of gold in the near future, offering valuable guidance to investors seeking stability and growth amid turbulent times.
Gold Price Surges Above $3,000 in Global Market Shakeup, US
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