Published 28th November 2018
Gold reversed from the bearish trend support (red dotted line) again. A convincing break of the red dotted line increases odds in favor of the red scenario. This implies a meaningful low in August 2018. The downside trend (red dotted line) intersects the pale blue upside trend channel on December 19th. Hence, gold will probably pave the path for the next few months during the next three weeks.
All in all, odds remain balanced with a slight tilt in favor of the black path until the red dotted line gets broken.
The analysis above is a historical abstract of our Gold Premium Analysis. Subscribers can access multiple timeframes, which are not displayed on this page.