Friday, June 13, 2014

Will the Gold Rally Continue Next Week? Look at This Chart

Gold had a strong week. And my Gold & Resource Trader subscribers added a new position after banking some gains on non-gold positions. But will this rally continue.

I could get into a long list of fundamentals about gold. But let's stick with a chart that may shed some light on the subject ...
(Updated chart)

Looking at this chart, you can see that gold tends to rally every six months. If gold follows the pattern it set previously, we can expect a rally to the $1,400 area. 

What happens there is hard to predict. I have my reasons for thinking the rally might continue. You'll have to do your own analysis.

1 comment:

  1. During the last 6 months, Gold has fluctuated very much but we can hope for the favorable movements for the upcoming 6 months.