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Read my comments in the link above regarding the pattern developing over 6 year in GOLD and its implications. In the Dollar, I view the Jan 2017 high as an 18 year cycle high.
The left shoulder forms with the low in 2013. After a rally that fails to take out the previous high, gold moves to a lower low in late 2015 -- that's the head in this inverted pattern.
The pattern begins from the swing low last October. As of today’s high, gold was up by 494 points or 27.3% from that low. Also, it was up by 372 points or 13.6% from the recent symmetrical ...
This pattern implies that a strong move is likely to occur once gold breaks out from it in a convincing manner. For much of the past year-and-a-half, gold has been forming a technical ...
Gold Forecast Video for 12.07.23 by Bruce Powers. Gold reached a high of 1,938 today before encountering resistance that turned the precious metal back down. That high completed a 23.6% Fibonacci ...
Gold prices are forming a bull flag pattern which is a pause that refreshes higher. Prices were buoyed on Wednesday as the dollar fell against the Euro and US yields temporarily haltered their rise.
LIMASSOL, Cyprus, March 17, 2025 (GLOBE NEWSWIRE) -- ForexVIM , an advanced AI-powered trading tool, has been launched to enhance gold price analysis with smart pattern recognition. Designed to ...
GLD, the biggest gold ETF, rose to a record high of $257.93 in October as gold peaked at near $2,800. ... It has formed a ...
LIMASSOL, Cyprus, March 17, 2025 (GLOBE NEWSWIRE) -- ForexVIM, an advanced AI-powered trading tool, has been launched to enhance gold price analysis with smart pattern recognition. Designed to ...