Gold Price at Bottom of a Pennant Formation

The gold price is in a very bullish pattern, if the Pennant fails it is more likely a bear trap and would complete a flag pattern. The Cartel often pushes the gold price to test and even briefly break trend lines .

These areas have always been a great place to add new capital. Dollar cost averaging has been a great way to capitalize in the gold market over the past 5 years.


The gold shares have been pounded into the oversold area showing 30 on the RSI today on many indexes and are begging for a bounce.