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Thursday, March 28, 2024

Gold Attempting To Hurdle Above 2011 Highs!

Courtesy of Chris Kimble

Is Gold about to hurdle above 2011 monthly closing highs and send a long-awaited bullish message? It is attempting to do so at this time!

This chart looks at Gold on a monthly closing basis. The 2011 monthly closing highs took place at (1).

Gold looks to be forming a long-term bullish cup pattern, over the past 9-years.

With seven trading days left in the month, Gold is attempting to break above 2011 closing highs at (2).

If Gold can close out the month at new all-time highs at (2), it sends a very positive price message to Gold bulls!

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