THE BOTTOM OF PRICE IS ALREADY SETTLED FOR YEAR OF 2018
The chart above shows that the bottom of the price tends to be settled on 13.08.2018 and in my view, $1165 LOW is set for the year of 2018 LOW. This trend is also supported BY THIS CHART APPROACH where the length of time to record the 2018 LOW after the BREAKOUT is almost the same as the time in 2016 LOW therefor, the USD as the rival must be able to be held below the inverted triangle apex.
Up to 05.11.2018 and 24.12.2018 plus / minus 1 week, prices may not close below the $1165 LOW 2018 or $1122 LOW 2016 and I still think that the gold price will move higher in 2019.
Up to 05.11.2018 and 24.12.2018 plus / minus 1 week, prices may not close below the $1165 LOW 2018 or $1122 LOW 2016 and I still think that the gold price will move higher in 2019.
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