Gold Breaking Out

[tsptalk]

Inverted H&S breakout...

 

[exnavyew]

Sheesh.

Contact Gold Corp. (CGOL)
Other OTC - Other OTC Delayed Price. Currency in USD
0.0700+0.0698 (+34,900.00%)At close: 3:59PM EDT

https://finance.yahoo.com/quote/CGOL?p=CGOL

Inverted H&S breakout...

 

[tsptalk]

Pennant broke out this morning...

 

[tsptalk]

A repeating pattern for gold? It's a bullish pattern, but a short-term double top dip, like we saw in February, may occur first to throw people off this bullish scent.

 

[Bullitt]

Depending on where that reverse H&S neckline is, the pattern could be complete or have more to run, but it's breaking down in this chart.

 

[tsptalk]

Looks similar to the early February dip. Perhaps the mid-Feb rally is next?

 

[Bullitt]

Long term yearly base. Still going to need to make a handle though. Are we only a few years from a massive cup and handle breakout?

 

[Bullitt]

A lot of support at 158, but it might be time for a pullback in GLD to the 153's.

 

[Bullitt]

H&S Pattern likely negated today.