Projections:

a look at the quarterly chart below shows that the last bull flag breakout in July 2002 sent gold prices from $254 to above $2000, an 8x move

the recent bull flag does not lack any of that potential in significance of move:

the difference being in the type of the bear-flags

the price advance from the lows in 2002 already had a 4x return reaching previous highs

now we are breaking from the highs

this would cut projections by and approximation of 50%

meaning a conversative 4x move

and a profit target near $7833

yet it is time of exposure in relation to moves that provides true profitability and our timeline this time around should be less than half compared to the 2002 move that took 9 years to maturity