Gold Getting Ready For Higher Prices?

4 Agu 2021

As we examine the Gold chart we see the volatility has been increasing over the last few months. Many believe the price of Gold has become stagnant and will not perform well this year. As we look closely at the chart, we see the price has sold off over the last few weeks but seems to be holding support levels so far. It's possible we're seeing an Inverted Head & Shoulders pattern forming that could push the price above the 2011 previous all-time high. We'll need to be patient and see how price reacts over the next few weeks, but if we continue to see strength, then the likelihood of seeing new highs this year will increase by the day.