Gold; 8-Year Breakout Attempt In Play!

Gold; 8-Year Breakout Attempt In Play!

Since the 2011 highs, Gold futures have created a series of lower highs and lower lows inside of falling channel (1). The rally since the lows in 2016 has Gold facing the top of its 8-year falling channel at (2). This test comes into play as resistance for Gold,...
Santa Claus Rally Taking Place Here!

Santa Claus Rally Taking Place Here!

While it’s easy to find articles that suggest a Santa Claus rally isn’t taking place this year, the Power of the Patterns would disagree! This chart looks at the performance from several assets in the metals sector the past 30-days. Even though all of...