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The price of COMEX June gold futures closed 2018 at $1297.60 per ounce after trading to a low at $1189.30 in mid-August. After trading to a high at $1356 on February 20, the price of the yellow metal has been making lower highs and lower lows reaching its most recent bottom at $1267.30 on May 2. At $1282.90 on June futures on May 6, gold is higher than its low for this year but is a lot closer to the bottom than the top for 2019. To end the pattern of lower highs and negate