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hellreturn
Jul 5, 2018 4:34 PM

Gold - approaching decision phase slowly 

Gold FuturesCOMEX

Description

Blue box will be deciding factor for Gold in long run. I don't think this recession Gold is going to go up, unless it breaks the trend. In the last 3 recessions (1990, 2001, 2008-9) only the 2001 recession saw a gold rise, and even that was not too impressive. On a longer time span, there have been only 4 instances in the last 100 years where gold rose prominently and would have been a great investment.

Watch for blue trend lines. Longer trend lines in red. 2018 year end to 2019 first quarter would be deciding factor for new trend of Gold.
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