2018 Gold Outlook
I believe there is a good chance that the precious metals will be an outstanding asset class in 2018 – Gold could outperform Bitcoin in the year ahead. The monthly Gold chart is shown to provide some historic perspective. Notice that the market is still finding its footing after the 2012 violation of its parabolic advance.
The weekly chart (RealRange) displays a possible massive inverted H&S pattern. I am keenly interested in the long side of 2018 Gold futures. Factor is presently flat.
A chart courtesy of McClellan Financial indicates that Gold is advancing from 8-year cycle lows.
Also shown are a number of graphs for Gold-related ETFs and gold mining companies.
Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:
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