Starting from mid-December 2016, gold moved in a classical zig-zag uptrend pattern all the way from $1120 up to $1295, with consecutively higher lows and higher highs. The key decision-taking levels along this way were $1120 (L), $1220 (H); $1180 (L), $1265 (H); $1195 (L), $1295 (H); and $1215 (L) and $1295 (H). During the recent swing the gold price failed to...
Since the beginning of 2000s gold prices formed a typical bubble with four consecutive phases: a stealth phase in 2001-2005, an awareness phase in 2006-2007, a mania phase in 2008-2011 and the final blow-off phase developing since 2012. The blow-off phase is represented by three large patterns: a rectangle, a falling wedge and a H&S pattern. Now we expect price...
