Below we see Gold forming a huge symmetrical triangle pattern. A rise to 1330 would move Gold above the upper trendline of the triangle and would be a highly bullish move. My bet is that in due time, Gold will break out above the upper limits of the triangle. If that happens, Gold will move into a new and powerful phase of its bull market.
Below is another chart of gold. Here we see a potential head-and-shoulders bottom in gold. Gold is now "working" on its right shoulder. A price of 1350 would be needed to complete the pattern. At 1350 I would expect gold to rocket higher.
Wait, I'm not finished yet. The P&F chart below looks to me like a coiled spring. If gold hits the 1350 box, then technically this base could send gold into the 1500s. Meanwhile, we await the action of the market. Incidentally, if gold does break ... Log in or subscribe to continue reading.