We are about to see some fireworks in the Gold market in July August and September and likely October, November and December as well. Gold during the last 6 to 9 months has been an absolute SLEEPER in terms of price action. Small price ranges, slow price movement and BORING price action.
But behind the scenes what this means is that the gold market is getting ready to lead us into super high volatility, or fireworks if you will. The lackluster action is explained by the fact that we have had during the last 2 price quarters a double inside quarter. This is huge news because it is a big clue for future volatility.
The gold market has been deceptively quiet so as not to warn anyone about what it wants to do next. This quiet, slow and boring price action was precisely the creation of a double inside quarter shown in the link in the previous paragraph.
I would like to be able to tell you in which direction the gold market will break next. The weight of the evidence seems to suggest that it will be upwards. However there is more confirmation needed.
I have created a series of articles on the gold market available over at the sister site to stock and commodity trading called ‘Gold and Silver Forum’.
Here is a list of the articles you may find interesting on the gold market:
1970 Gold Bull versus 2001 Gold Bull
The 1970 Gold Market Bearish Pause
The ultimate gold swing trading range
The ultimate Gold chart and most important chart of 2005!
Alert! Double Inside Quarter on Quarterly Gold Price Chart
Peace.
Thomas
Just stopped by to visit and got the crunch on your stuff in here – bravo!
Thanks for your comment. Glad to see you here.