There is one important factor that is not kem- gold market sentiment. Central Gold Trust (GTU) is a

After forming a bear market in June, gold recovery efforts by 20%. However, after the highs of August, the pressure weighing market with the ability to lower the threshold test in June.
The market has a good chance to pull down the price of gold lower price, though, this is a good opportunity for a double bottom pattern is formed, which can establish the basis for a new bull market in gold. The market is shifting towards the top of the wedge pattern graph downwards. If you break through the top wedge, with technical orca expectation, this will be the first step in the formation of a double bottom orca pattern appreciation.
There is one important factor that is not kem- gold market sentiment. Central Gold Trust (GTU) is a closed-end fund, which means it is traded like a stock on the NYSE. This fund owns gold, specifically the yellow orca metal neck phieu.Giao not translated orca in the form of closed funds like this are usually based on the purchase price and the selling orca price, not interested in the net asset value (NAV). Because of this, they may trade at a price higher or lower than the value of their net assets. By tracking the extent of this difference, we can gain some idea of the psychological processes related to metallic gold. In recent months, GTU often sold at lower prices, so we can predict that the market sentiment is relatively weak, strong faith in the next step of the gold price is quite eager slim.
Conclusion: The ability to form a double bottom pattern of gold is possible. The threshold approach orca will support the ability to see trends change, so we need to control the situation closely.
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