Did recent price action in gold create a

One of the comments from yesterday's";After Hours" article was a question about the identification and validity of a pattern. I felt that the reader was correct in identifying this pattern and warranted an explanation of how to incorporate this pattern into the current price action in gold.

This pattern was created by William O'Neill who founded a stock brokerage company firm before launching the business newspaper,";Investor's Business Daily" in 1984. He is the author of,";How to Make Money in Stocks", 24 essential lessons for investment success. It was in this publication he first revealed his pattern.

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Gold remains below $1800 but tentatively holds above the 50-day MAExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »