Imminent Gold-Price Surge

2019年11月28日

This massive 'monthly' triangle exit is 'perfect' by all measurements. It is unlikely that we're ever going to see current levels again, or for at least 6-10 years forward if the assessment is pure 'technical'.




Technical Forecast:
Gold prices are expected to bottom by December this year, which indeed could be the last bottom. The 'monthly' chart shows an incredible price surge potential around (the beginning of) Spring 2020 which could reach beyond 1700+. This is backed by at least 5 major indicators (additional 5 indicators are in the process of becoming super-bulls such as ADX, MACD, etc).

If LL is broken again, aim lower again until two distinctive 'higher highs' have been created on the 'daily'. This will serve as your entry-point confirmation. The technical low is around 1425. Balance your trade or exit your long-position in case prices go below the stop-loss marker (extremely unlikely).


(lines and connections have been averaged on step-line over linear for higher precision)