by Taki Tsaklanos
In this article, we feature four gold-related charts. Two of them are bullish and two are bearish.
The first bullish chart is the gold price with its trend channel since it peaked in 2011. So far, the breakout out of the trend channel is strongly bullish. What gold bulls would like to see now is a successful test of 1200 USD (resistance line). With gold trading only 20 USD above that price point, it will not take long to see the results of that test.
[…] The second bullish chart is the correlation between inflation expectations (TIPS) and the price of gold. In the last 1.5 years, inflation expectations have been falling. As soon as the Fed started talking about negative interest rates, inflation expectations started rising, and confirmed gold’s rise.