Gold Price is Building its Platform for $1200 Target

The GOLD PRICE is doing very necessary work that must be done in every bull market. That is to build a platform for the next higher high, without this you have straight line moves which everyone warns must not happen for a healthy bull market.

It's painful if you are a holder of gold and gold shares but it is totally necessary. The term parabolic comes to mind which scares the heck out of technicians if these corrections are not part of the bull market.

This work being done, creating a low after the correction a consolidation chopping pattern up and down is the foundation for a launch pad if you will to catapult the gold price to its next target or nominal higher high.

This action is perfect for our trip now to $ 1,250 and beyond.

French Curve Update: