I expect gold to touch previous all-time highs sometime this year and most likely create new highs. I am buying gold as a long-term trade. Expect gold to create a bullish monthly candle this month as well.
The Fed's interest rate hike cycle off the back of this bullish movement in gold will work like magic. If the Fed announces the end of the rate hike cycle, gold will go up by leaps and bounds. But they will also try to talk systematically without talking about stopping direct.
Besides the US recession, there are several other issues. All in all, I expect gold to be a good long-term buy.
