Nothing will change until\/unless we breach that $1380-$1400 area. You could say we’re in a bit of a ‘danger zone’ at the moment. Any significant move lower, will open up $1050 and a double bottom possibility. A move below that would bring up the question of a long term PM bear market. Those outcomes are (in my view) extremely unlikely during this phase of the gold and dollar cycles. Anyone can draw a line pointing up or down on a price chart, based on individual charting techniques, but it’s not until we see confirmed price action through key technical levels that we can begin to have some confidence in our scenarios. This is one way of visualising where we’re at…<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":" Nothing will change until\/unless we breach that $1380-$1400 area. You could say we’re in a bit of a ‘danger zone’ at the moment. Any significant move lower, will open up $1050 and a double bottom possibility. A move below that … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/09\/Chart629Gold-1.png\")
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