This week the price of gold pushed above the upper trendline of the golden triangle. However now it has paused and is consolidating just above it. Within our golden triangle is another pattern called a complex, inverse (or bottoming) head and shoulders formation. I have marked the key features on this chart:
This structure has a smaller head and shoulders embedded within a large head of […]
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.