Gold Price Reaction: Bulls Should Prevail

by Stewart Thomson
Gold Seek

1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that’s a good sign.

2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundamental and technical picture for gold right now is ‘solid’.

3. There’s a nice bullish rectangle in play, and now a small inverse H&S bull continuation pattern has appeared within the rectangle.

4. That suggests an upside breakout could be imminent.

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