As it has been realized before, gold fairs quite poorly during recessions. As in 2007-2008, gold with most likely fall with the indexes and will only make new highs above 2k/oz in the next couple of years. For now, look for better buying opportunities around the 1400 region and accumulate for long term holding for the next 3 to 4 years as we keep shorting indexes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.