Gold test to $1875-$1900, then LIFT OFF!

Pattern recognition in gold can be quite useful at times. Especially when gold is in a consolidation phase as it in right now. It would seem that gold wants to make a final test of the $1875-$1900 area before strong buyers step in to take the gold price higher into the final quarter of the year. Once this consolidation has completed, there is usually $300+ of upside to be had from the top price of the consolidation range. Should the same pattern repeat, we would see a gold price of about $2350-$2400+ by end of 2020...

Comment:

Down to $1890 right now...