After what has been a chaotic start to 2018, gold’s historic mega-bullish breakout is about to unfold!
February 16 (King World News) – Many KWN readers around the world have been wondering why gold has been in such a tight trading range. The current inverse head & shoulders pattern seen on the gold price chart below is incredibly bullish. Meaning, what we have been seeing recently is the calm before the storm (see charts below).
Very Powerful Inverse Head & Should Pattern On Gold!
Here is a long-term look at the mega-bullish inverse head & shoulders pattern on gold (see chart below).
Gold’s Mega-Bullish Inverse Head & Shoulders Pattern!
Turning to the US dollar, the chart is extremely bearish. This has to do with the fact that the Chinese are about to launch their own oil contract priced in yuan. This is bad news for the petrodollar and that’s why the chart is so bearish for the dollar (see chart below).
China Attacking Petrodollar…Bad News For US Dollar!
The bottom line is that gold is very close to a historic upside breakout. A surge above $1,400 will signal the massive upside move in the gold market is underway. That is why Western central planners have been fighting like hell to delay this major breakout in gold. No matter how long it takes, time is now on the side of the bulls. As for the bears…tick-tock, tick-tock.