Remember my seasonal tendencies post,
We have waited for Gold to get lower than the June/July low...
Opportunity of a lifetime this!!!!
The Daily chart shows the bigger picture very clear. Since 2013 Gold made lower highs and lower lows (bearish pattern), but in 2016 its a higher high which indicates a trend change (now bullish)
Note the Seasonal tendencies for the last 3 years
1.Lows in Gold is in November/December
2.November/December Low is always lower than June/July low
3.Usually new high in March
@BambooGrowth, I completly agree.Gold might drop even lower tho,so I am not rushing to buy it right now,specially if there is gonna be a rate hike on 14 of December,but no doubt that Gold and Silver longs are going to be the biggest trades of 2017.Looking forward to them.GL mate.