One Reply to “Gold’s Extremely Bullish Monthly Close | Steve Penny”

  1. You can see that a long, bullish potential inverse “head and shoulder” pattern has formed. If a breakout occurs, it would mean that the early 2016 low was a false downside breakout on a major (longer-term) scale. Such breakouts usually have very strong moves in the opposite direction, in this case upward. The chart below of the gold bullion price (monthly) is bullish. The bottom of the “cup” has been forming since early 2016.

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