Important Breakout on the Horizon!
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
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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