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.Â A breakout at the blue arrow sets up a target at the green arrow.Â The brown arrow points to a recent ‘bull cross’.Â As a result the moving averages are in positive alignment.Â The supporting indicators are rising.
DISCLAIMER:Â Please do your own due diligence.Â Peter Degraaf is NOT responsible for your trading decisions.Â