Gold: New Stage 2 Uptrend Or More Consolidation Ahead?

Is gold headed for a new Stage 2 bull market, or is more sideways consolidation more likely?  In this video I go over the gold market from a Stage Analysis perspective and discuss the likelihood of both scenarios, and how specific action in the charts would change my view.

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2 thoughts on “Gold: New Stage 2 Uptrend Or More Consolidation Ahead?

  1. Thank you for sharing your thoughts.

    Yesterday happen something interesting with Gold after dropping a massive 1.8% in two trading days.

    It double bottoms on support line on 1221, bouncing back heavily (1%).

    Wondering if this could be the starting of a bull market… What do you think?

    Let me know if you would like I send a screen shot of my chart.

    1. Gold is sitting right at the 30-week MA as of 2/12/2017. I’d view a break above this level as bullish and especially bullish if we get an increase in volume in gold and some gold stocks. We’ll have to see how it plays out, as I said in the video it’s also possible gold just drifts sideways from here if the dollar keeps moving higher.

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