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The monthly chart of gold is in a \u201cLaunch Pad\u201d setup comparable to 2004\/2005. A decisive upside breakout is likely in the not-too-distant future, and this could be one of the last times to buy physical gold under $2000 per oz.<\/p>\n
Price Target:<\/strong> Our technical work supports an $8000+ price target around 2030 (+\/- 2 years).<\/p>\n<\/div>\n<\/div>\n A weekly breakout above $2090 before year-end would be incredibly bullish for all precious metals and miners.<\/p>\n<\/div>\n<\/div>\n A strong rally above the trendline in October would setup a retest and possible breakout to new all-time highs before year-end.<\/p>\n<\/div>\n<\/div>\n If silver<\/a> closes the week above $22.50, it will reverse last week\u2019s breakdown, signaling a new advance. Progressive closes above $26.00 would support a major breakout.<\/p>\n<\/div>\n<\/div>\n Gold miners<\/a> remain deeply undervalued and may be on the verge of an epic rally. A breakout above the upper trendline in the coming days would support this outlook.<\/p>\n Roughly every three or four years, miners enter a parabolic advance,\u00a0leaving many investors behind. Could that be happening now?<\/p>\n<\/div>\n<\/div>\n Our\u00a0Gold Cycle Indicator<\/strong>\u00a0is rising out of maximum cycle bottoming, suggesting precious metals have started a new 3 to 4-month advance.<\/p>\n<\/div>\n<\/div>\n The final washout in metals and miners is over, and we may be in the beginning stages of a substantial advance. When gold breaks above $2100, I don\u2019t think it will stop until it approaches $3000. Gold miners could soar from here.<\/p>\n AG Thorson is a registered CMT and an expert in technical analysis. For regular updates, please visit\u00a0www.GoldPredict.com<\/a>.<\/p>\n<\/div>\n<\/div>\nGold Futures Weekly
<\/strong><\/h2>\nGold Futures Daily
<\/strong><\/h2>\nSilver Futures Daily
<\/strong><\/h2>\nGDX Daily Chart
<\/strong><\/h2>\nGold Price Forecast Video by AG Thorson<\/h2>\n
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