Gold has rocketed to all-time highs in 2020 which is no surprise to PSE subscribers.

Key points in this paper include:

1. Gold exhibits similar 30-year patterns to other commodities. Price action from the 1980s and commodity prices in the 1950s and 1920s suggest that gold may see some near-term upside (or support within a trading range) into 2014 but is likely to fall thereafter.
2. The end of the decade (into 2019) could see a rise in gold prices.
3. Key technical levels to watch: a break of the 1180 level to the downside; a test of the 1490 midpoint between 2012 high and June 2013 low; and a test of the 1800 level (4th attempt). A near-term break of 1200 would be bearish for gold. However, any successful support at 1200 after a possible near-term run to the upside could pave the way for a strong move into the end of the decade.
4. It is possible that any Fed tapering and raising of interest rates would be bearish for gold.

Learn how knowledge of cycles and time can prepare investors to take advantage of the bull run and avoid the bearish market turns.

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