Gold just triggered a massive reversal signal, and weak hands are about to be washed out. But while the short-term points lower, the macro charts are hiding a massive $10,000 target. Video by Gareth Soloway.
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In this video, Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, breaks down the exact daily chart signals that called the recent top in gold. Then, we zoom out to the 45-year logarithmic charts to reveal why a near-term drop to $3,500 is the ultimate buying opportunity for the next super-cycle.
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Timestamps
00:00 - Intro: The Big Picture for Gold
00:44 - The "Doji" Signal That Called the Top
02:57 - Why Gold Needs to Drop to $3,500 First
04:47 - Unlocking the Secrets of Logarithmic Charts
06:15 - How Parallel Trendlines Predict Market Tops
08:43 - Projecting the Next Gold Bull Run
10:41 - The $10,000 Gold Target by 2030
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