Weekend June 16, 2019
The above formation is referred to as a cup and saucer. We have the rounded saucer formation lacking only a handle
that would be a pull back from this 1350 area which gold has yet to surmount. Then we would look for much higher prices.
Other positives in clude
The MAs are coming together, this typically happens prior to a change in trend
PMO is coming off its lows and is above zero
The US Dollar may be topping and of course other currencies from the Mexican Peso to the Venezuela whatever are falling.
And this is happening as we suspecct the US stock market is topping.
And silver has yet to awaken, let's watch silver.
It may take until later this year for silver to have he MAs come together but the same sort of pattern is evident.
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