It looks like a major gold breakout is targeting $1,800 followed by new all-time high above $1,921.
Gold looking ready to shine again?
June 22 (King World News) – Top Citi analyst Tom Fitzpatrick: Gold is approaching the 2020 high at $1,765 set on May 18th…
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The inverted head-and-shoulder pattern completed on the daily chart suggests a target above $1,800 (1,819) in the near-term.
Gold Inverted H&S Pattern Targets $1,800
A bullish set-up on the monthly chart (which would barely miss a bullish outside month with a slightly higher low set this month) with a close above $1,765 would also suggest further upside in gold over time towards $1,800 followed by the all-time high set in September 2011 at $1921.17.
After $1,800, Gold Headed To New
All-Time High Above $1,921
***To listen to James Turk discuss the failure of London Gold Pool II and the price of gold hitting new all-time highs along with silver click here or on the image below.
Gold Spikes To $1,765 And Silver Surges
***Also Released: Gold Spikes To $1,765, Close To Major Breakout! Silver Surges Above $18 CLICK HERE.
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