There is an obvious expectation of a final bounce along the down trending support set to propel gold upwards, based upon 3 factors: 1) "Market goes down, Gold goes up", 2) Sentiment surrounding an "inevitable" downturn in the market to come is a powerful proponent, and 3) Chart indicates a high likelihood of a rally in Gold, if the first 2 factors begin to dissuade market climb.
Note
Bingo! Long term is still uptrend, I think... But may fall a bit more to beginning of 2020.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.