I would like to take a very long-term look at gold. I am looking at this gold trade as a hedge for my portfolio!
- Gold should be in my portfolio as a hedge against inflation, so I am interested in a very long-term position. - Gold is still clearly bullish - Currently the price is in a correction - I expect prices to continue falling - I would like to define a zone at which, in my view, it could be worth buying
The plan:
- Have a lot of patience - I would like to use the golden pocket of the last rally for a very long-term entry - The lower trend line and the last prominent high are my backup and extend the buy zone. - It would be conceivable that the target zone would not be reached until 2028.
The buy zone extends from 1509$ to 1395$. The target zone extends from 2600$ to 2640$.