As you can see on our daily candlestick chart, gold shares have been consolidating for three months.
They’ve reached the apex of a large pattern that implies the likelihood, not the certainty, of a continuation higher.
The negative influence of a short-term downtrend came into play today. The positive influence of a longer-term uptrend awaits just below.
Something’s gonna give.
We’ll see how it breaks out.
A weaker US dollar and the probability of the pattern have us thinking the Midas metal will shine.
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