Self-sufficiency is the greatest of all wealth. - Epicurus
-
Gold Completes 6-Year Basing Pattern
Gold has completed a complex six-year basing pattern and could break out in the coming weeks, posting the strongest gains since the start of the decade. The $1,500 level looks like a natural first target for the advance, reaching the .618 retracement of the multi-year downtrend and the underside of 2013's double top breakdown. More importantly, there's plenty of time to get on board, with the futures contract pulling back from resistance at the start of the new trading week. A dovish Federal Reserve combined with a tariff-driven economic slowdown could underpin the upside for gold, with higher consumer prices ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 11, 2019 12:49am Jun 11, 2019 12:49am
- EF5
- Joined Oct 2013 | Status: Member | 48 Comments
- Comment #2
- Quote
- Jun 11, 2019 2:35am Jun 11, 2019 2:35am
- GoldGrilz
- | Joined Jun 2010 | Status: Member | 79 Comments
- Comment #3
- Quote
- Jun 11, 2019 10:14am Jun 11, 2019 10:14am
- SurfsUp
- Joined May 2019 | Status: Member | 53 Comments
If in doubt, paddle out!