We analyze Gold's historical cup and handle patterns and historical corrections in bull markets and apply those to the current market. In time, there will be a better idea of which path Gold is following. For now, history projects the next impulsive advance could begin at the end of this year or sometime next year.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.