We should see gold remain lower until mid 2018, with price falling back to the trend line one more time, drawing demand to break through the ascending triangle pattern - 1800-1900 is in our sites for a very long term play.
monitorr
@goldBullionAuthority, Looks more like an ADBDE Bear Flag correction to me. Whats your thoughts on this?
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goldBullionAuthority
monitorr
@monitorr, Hitting $1200 zone again is a very real possibility and I almost expect it to before moving upward. I am taking a cautiously bullish approach over the long term. I definitely see the flag you are talking, and if a bull trap is confirmed after the squeeze my stop will let me know I am wrong. You are prepping for a break down?
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monitorr
goldBullionAuthority
@goldBullionAuthority, Yes thats the way i see it but I also believe that it will rise way up shortly afterwards towards and long term optimistic zone of 5000 eventually. I think it may do a BTC on us :D
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