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Important Breakout on the Horizon!

Commentaries & Views

This weekly gold chart is carving out a bullish ‘inverted head and shoulders’ pattern.  A breakout at the blue arrow sets up a target at the green arrow.  The brown arrow points to a recent ‘bull cross’.  As a result the moving averages are in positive alignment.  The supporting indicators are rising.

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Peter Degraaf is an investor with over 50 years of experience.  Contact him at or visit

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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