franckbelfort
Long

Autumn works well with Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
There is an interesting technical scenario for all those who technical analysis and Chartism. It took almost (1 Quarter) to be able to validate a double bottom at the end of the 1160 - 1180$ Area. The bull signal was thus played between the 1180 - 1200$ Area. What was So. About today, Gold is in bullish predispositions as you see it on the screen; And since on the stock exchange, we are working with the statistical recurrence over the last 15 years (2003-2018) Fall (October - November), works well with gold because it displays a performance (success Rate) of 77%. There have been however good years like 2007-2010 (period of crisis and Recovery) and bad years as also 2012-2015 (Chinese speculative gold fund, beginning of the rise of American interest rates), and finally, October and November 2016 and 2017 were Relatively stable. thus, to say that this time, one is perhaps at the beginning of a powerful bullish movement that can bring us to the historical peaks of 1360-1370. This will not go straight, as illustrated on the graph by posing at precise levels marked in Yellow.

FUNDAMENTALS FACTORS: too rapid increase in short and long rates (2 et10 Years) + Rise of the VIX beyond the symbolic threshold of 20 + geopolitical appeasement between the US and his trade and political partners (Korea, Russia, Iran) risk to propel gold to the Heights. The third justification of the fundamental factors remains largely debatable but seems to be on track. we'll Follow it carefully.

[b]TECHNICALS FACTORS: Double Bottom on an ascending support of 2008 to 2015 + seasonality effect on Gold + validation of breakage of the semi-annual resistance of range 1180-1200$
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