by Stewart Thomson, Gold Seek:
1. Is there a strong bull flag pattern in play on the daily gold chart? For the likely answer, please click here now.
2. The US stock market has lost upside momentum, and the falling price of oil threatens to create an “Armageddon” type of event in the junk bond market, yet gold looks and feels superb.
3. Please click here now. In addition to the bullish flag pattern, there’s an inverse head and shoulder bull continuation pattern that looks solid. The target of this pattern is the $1275 – $1280 area. Is the Western gold community going to receive an early Christmas present, in the form of another rally in the gold price? These charts suggest they are!
Please follow SGT Report on Twitter & help share the message.