If you’re bullish on gold, this chart could make your day, week, and year
From Chris Kimble of Kimble Charting Solutions:
Clint Eastwood made the phrase “make my day” popular. If this pattern read is correct, it could make the day, week and year for investors bullish on gold!
Gold’s decline over the past three years had it testing dual support tied into key highs and lows dating all the way back to the 1980’s!
As gold is testing this dual support zone, it also looks to be forming a base pattern, which could be a bullish inverse head & shoulders pattern, with the right shoulder coming into play at support.
Should gold rally off this support and break above its neckline… it could make the “year” for gold bulls!