Gold has finally broken out on the upside of a massive consolidation base.
February 12 (King World News) – Eric King: “Alasdair, gold has decisively broken out on the upside of that long 17 month consolidation, all hell is breaking loose around the globe and the Fed is holding an emergency meeting on Monday.”
Alasdair Macleod: “We’ve been talking about this for some time. We had a really good move in gold into a period of consolidation and that move ended at $2,075 in 2020. Since then we have been in a consolidation pattern. And it’s been a classic consolidation patter that is easy to read. The narrowing part of the diagonal triangle is now coming to an end. This breakout is very, very important. When you get a breakout like this…to continue listening to Alasdair Macleod discuss the breakout in gold and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
© 2022 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
