The possibility continues to exist that Gold is forming a massive inverted H&S pattern on the monthly chart.
However, a close below 1180 would place the possibility of the H&S pattern into doubt. A close below 1124 would suggest a retest of the 2015 low at 1045.
Silver however completes another bear pennant. The 2015 low of 1363 is now with spitting distance.
Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:
View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.
I hope you will consider joining the Factor community.