FEB 20, 2018
Technical trading expert Clive Maund sees things in charts very few others can. So what is flatly obvious to him can be revelatory to the non-chartist in terms of wider markets. His well-annotated explanations give us a glimpse into his methods and thought process:
Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for 5-years now, so it has major implications.
Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bull market is simply a matter of time, and not much at that now.