gold makes an all time high in mar 2024- what is next ?

please see the chart above – gold has jumped from 1650 usd per ounce in Oct 2022 to 2163 usd per ounce in Mar 2024 – a jump of around 500 in 18 months

the dow theory , flag up pattern states that the next 500 usd jump will come in 18 / 3 = 6 months or so

so can we expect gold at 2600 usd per ounce by sep 2024 ? let’s see – time will tell

if gold is jumping so much , can silver be far behind ?

usa federal reserve should have started cutting rates by then ..

the central bank of all central banks – BIS – has categorized gold as a tier 1 asset , on par with the us dollar

does it mean that us dollar is going out of style with all the central banks buying gold and diversifying away from the US dollar ?

more countries doing deals in their local currencies means that the de-dollarization process has begun – are the us dollar’s days numbered ?