Gold Price Forecast 2017: Fractal Analysis of US Dollar Index Suggests Massive Gold Rally Coming
Below, I have done a fractal analysis of the US Dollar index (generated on tradingview.com). It shows that the US Dollar index is likely to drop over the next years; however, it appears to have started a new uptrend (read deflation), from a long-term point of view.
It also, indirectly shows that gold is likely to perform in a similar manner to how it moved from about $100 to $850 in the late 70s.Furthermore, the analysis suggests that we are now at a point similar to January/February 1977. If this pattern plays out like it did in the late 70s, and gold has a similar rally, then we will see a gold price in excess of $8000.
US Dollar Index Fractal Analysis
For more on this and this kind of fractal analysis, you are welcome to subscribe to my premium service. I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report. You can also subscribe to this blog (enter email at the top right of this page) to get my regular free gold and silver updates.
Warm regards,
Hubert
Hubert Moolman on SILVER and GOLD 