Gold Remains Trapped In This Pattern! About To End???

August 13, 2014 8:29 AM

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Gold Remains Trapped In This Pattern! About To End???

 

Support and Resistance continues to narrow upon Gold. Its been trapped by these two for a period of time. This pattern is nearing an end, meaning Gold has to break out or break down in the near future. 

Unless you are an outstanding day trader, not much gain or decline has taken place in gold the past year.  I have no position in Gold. I am interested in a break out or break down from this pattern!

The Silver/Gold ratio has been good at predicting the next big move in metals. Might watch this ratio to see which way this pattern might resolve itself. 

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