Gold’s Pause Before the Next Leg Higher, What to Watch Next
In this interview with Daniela Cambone, I walk through what I believe is a very important phase in the gold market right now.
There’s a lot of excitement around higher prices, and technically, gold is forming a large bull flag pattern that points to a much bigger move over time. But markets rarely move in a straight line. Before that next leg higher, it’s very common to see a final shakeout, something that tests investor confidence and clears out weaker hands.
I break down what this pattern looks like, how these types of setups have played out historically, and why short-term volatility doesn’t necessarily change the bigger picture. Understanding where we are in the cycle can help remove a lot of the emotion that tends to creep in during these phases.
Sign up for my free Investing newsletter here
Chris Vermeulen
Chief Investment Officer
TheTechnicalTraders.com
MY FREE INDICATORS IN MY BOOKS
Disclaimer: This email is intended solely for informational and educational purposes and should not be construed as personalized investment advice. Technical Traders Ltd. and its affiliates are not registered investment advisers with the U.S. Securities and Exchange Commission or any state regulator. The content provided does not constitute a recommendation to buy, sell, or hold any security, commodity, or financial instrument. All opinions expressed are those of the authors and are subject to change without notice. Any financial instruments mentioned may be held by Technical Traders Ltd. or its affiliates at the time of publication, and such positions may change at any time without notice. Readers are solely responsible for their own investment decisions. We strongly encourage consulting with a licensed financial professional before making any trading or investment decisions. Performance results referenced may include both live trading data and backtested or hypothetical performance. Hypothetical performance results have many inherent limitations and do not reflect actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Testimonials and endorsements included in this communication may not be representative of all users’ experiences and are not guarantees of future performance or success. We may receive compensation from affiliate links or promotional content in this communication. Any such compensation does not influence our editorial integrity. By reading or subscribing, you acknowledge that the content provided is general market commentary and not tailored to any individual’s financial situation. Past performance is not indicative of future results. Investing involves risk, including the potential loss of capital.
