Gold could be forming the “right shoulder” in a bearish head & shoulders pattern.  The trend is up, so the odds don’t favor this read, yet it does remain a potential.


Not only could Gold be creating a right shoulder, it is testing the underside of resistance, that used to be support at (1).

GAME PLAN…Aggressive traders should start building a position at (1), using DZZ. This is for AGGRESSIVE INVESTORS only and if purchased, a tight stop of just 3% should be put in place!  I am ok with being wrong on a position, not ok with being wrong for long!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past