By Q1 of 2019 we could see gold trade as high as 1450!
Remember Technical Analysis is Personal Perspective and there are many fundamental factors that contribute to the Price Movement on Gold including, but definitely not limited to:
Manipulation
Fiat Currency
Large Investors (Switzerland, Russia, Independent Individuals etc) that have accumulated a long term position
Economic Events such as the news filled week ahead (Monday May 28 through Friday June 1 when the G7 Summit begins)
Official Price Target is much higher considering Historical Human sentiment and directional trading.
Remember Technical Analysis is Personal Perspective and there are many fundamental factors that contribute to the Price Movement on Gold including, but definitely not limited to:
Manipulation
Fiat Currency
Large Investors (Switzerland, Russia, Independent Individuals etc) that have accumulated a long term position
Economic Events such as the news filled week ahead (Monday May 28 through Friday June 1 when the G7 Summit begins)
Official Price Target is much higher considering Historical Human sentiment and directional trading.