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Back in April I had the uncomfortable feeling that the gold is working on a "very" complex inverse Head and Shoulders chart pattern in the monthly and yearly charts. This is initially one of the most bullish bottoming formations and offers a possible multi-year holding bottom or base, followed by a next sustainable multi-year bull market.

Then, I calculated a 65% chance that gold has to follow the blue route back to 1200$-1180$, perhaps even a 1150$ or so, forming its most Right Shoulder over the course of summer 2018, before then, sometime in 2019, the overall-dominating bear market neckline resistance could finally be broken to the upside. Below is monthly gold chart with potential multi-year "very" complex inverse Head and Shoulders pattern, as presented and analyzed within free GUNNER24 Forecasts, Issue 04/29.




Current GUNNER24 Setups
 MonthlyWeeklyDaily4 Hour
NQ 100G24UpG24Downnone1522838240G24UpG24Downnone1522838622G24UpG24Downnone1522838929G24UpG24Downnone1533643763
Last Update: 2018-08-15 09:24 CEST
Recently updated: Gold 4 Hour
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