LOOK BACK &SEE|2020 MOST IMPORTANT POINT|GC1! GOLD FUTURE-DAILY

Under the black horizontal lines, huge volumes.
Above the black horizontal lines, huge volumes.
Between the black horizontal lines , volumes are lower, calm.
The blue uptrend line mark the trend, general trend of the market.
But, on the 17th of September we have seen forces coming into the market to push the market down under a very important point.
Now we are at the red horizontal line which is the most important line of the year for the GC Gold Future.

We can clearly see with this simple analysis that things have changed and that the black lines, center channel is still probably the gravity center for the GC Gold Future prices.

Be careful, in case of a new uptrend the new bleu downtrend line resistance above the market price could possibly see the market pullback down again strongly.