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Thread: Gold Breaking Out

  1. #1

    Default Gold Breaking Out

    Inverted H&S breakout...

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

    Default Re: Gold Breaking Out

    Sheesh.

    Contact Gold Corp. (CGOL)

    Other OTC - Other OTC Delayed Price. Currency in USD
    0.0700+0.0698 (+34,900.00%)At close: 3:59PM EDT

    https://finance.yahoo.com/quote/CGOL?p=CGOL


    Quote Originally Posted by tsptalk View Post
    Inverted H&S breakout...


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  5. #3

    Default Re: Gold Breaking Out

    Pennant broke out this morning...

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  6.  
  7. #4

    Default Re: Gold Breaking Out

    A repeating pattern for gold? It's a bullish pattern, but a short-term double top dip, like we saw in February, may occur first to throw people off this bullish scent.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  8.  
  9. #5

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    Default Re: Gold Breaking Out

    Depending on where that reverse H&S neckline is, the pattern could be complete or have more to run, but it's breaking down in this chart.

    gld.JPG

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  11. #6

    Default Re: Gold Breaking Out

    Looks similar to the early February dip. Perhaps the mid-Feb rally is next?

    Quote Originally Posted by tsptalk View Post
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  13. #7

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    Default Re: Gold Breaking Out

    Long term yearly base. Still going to need to make a handle though. Are we only a few years from a massive cup and handle breakout?

    gld3.JPG

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  15. #8

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    Default Re: Gold Breaking Out

    A lot of support at 158, but it might be time for a pullback in GLD to the 153's.

    gldhs.JPG

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  17. #9

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    Default Re: Gold Breaking Out

    H&S Pattern likely negated today.


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