# Gold: Potential Escalation Until Mid-Summer?

**URL:** <https://tribe.getbaraka.com/t/gold-potential-escalation-until-mid-summer/388>\
**Category:** Baraka Chat\
**Tags:** investment\
**Created:** [13 June 2021 08:06 UTC](https://tribe.getbaraka.com/t/gold-potential-escalation-until-mid-summer/388 "2021-06-13T08:06:24Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Neerab](https://sea1.discourse-cdn.com/flex019/user_avatar/tribe.getbaraka.com/neerab/32/63_2.png) [@Neerab](https://tribe.getbaraka.com/u/Neerab)\
**Post date:** [13 June 2021 08:06 UTC](https://tribe.getbaraka.com/t/gold-potential-escalation-until-mid-summer/388/1 "2021-06-13T08:06:24Z")

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Over the last two months, Gold was able to recover a whopping US$240 from its double low in march.  
Silver has been acting stronger than gold during the entire correction since last August.  
The weekly gold chart shows a clear breakout from the downtrend channel.  
The seasonal pattern of the last 5 years points to higher prices over the next 2 months.  
I expect this recovery to run towards approx. US$2,000-2,025 before any significant pullback can start. Thoughts on this?