Browse Stacks: Patterns: Trendlines: gold.jpg
MONTHLY CHART FOR SPOT GOLD. IMPORTANT TRENDLINE CROSSED A FEW HOURS AGO. Price may follow the trend downwards a little, probably to pivot, but there is opportunity for major upside here.
Obviously, price has to close above the trend line at the end of the month. But at this moment in time it is above the trendline.
That's one of the best dragon head shapes I've seen on a chart. Very impressive.
It's rubbing its nose on the trend line. Giving it a good sniff.