Technical analyst Jack Chan confirmed a bull market for gold and laid out his investment strategy.
Our proprietary cycle indicator reached 100%, which is the highest level ever. It cannot go higher, but prices can remain firm at current levels.
Speculation according to COT data is now back at bull market values.
Summary
A bull market in gold and silver is now confirmed, but for risk management, we shall wait for the next cycle bottom to begin accumulating positions for the long term. A multiweek correction is long overdue and can start anytime.
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