0212 P3: Gold wont break up in the last month on 2018
We might have a bull trap last week.
Why?
The purple channel is still valid as long as price do not break it .
Once the red channel is broken , price could follow down to break 1200 soon.
This is possible on the case that some good news from G20
that CHINA AND USA come to some agreements to stop trading war, or more peace signals from G20 to stop GOLD rise up in the last month of 2018.
After breaking down the channel, gold will test 1180 soon.
Lower position could be a surprise to sellers.
Less is more!
Why?
The purple channel is still valid as long as price do not break it .
Once the red channel is broken , price could follow down to break 1200 soon.
This is possible on the case that some good news from G20
that CHINA AND USA come to some agreements to stop trading war, or more peace signals from G20 to stop GOLD rise up in the last month of 2018.
After breaking down the channel, gold will test 1180 soon.
Lower position could be a surprise to sellers.
Less is more!
