WILL HISTORY REPEAT ITSELF? GOLD FUTURES
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If history repeats itself in the charts we can expect that the ATH reached in August anticipates a drop in prices that will remain below $1900 with a relative increase in volatility.
Any drop below $1730 could push prices towards the old supports around $1550, although a rebound to new ATH remains more likely at that point.
Long term trend remains positive while a short entrance with first target at $1800 could be a good trading choice.
If history repeats itself in the charts we can expect that the ATH reached in August anticipates a drop in prices that will remain below $1900 with a relative increase in volatility.
Any drop below $1730 could push prices towards the old supports around $1550, although a rebound to new ATH remains more likely at that point.
Long term trend remains positive while a short entrance with first target at $1800 could be a good trading choice.
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