Gold Consolidating Before Major Breakout, Symmetrical Triangle Formation
We are in a secular bull market in Gold. Gold is consolidating in a symmetrical triangle formation in an uptrend. Weekly volume is decreasing and is building up for a major break of $1000. This break could to new highs could run the price to $2000 an ounce. Look for consolidation as it reaches the apex in a couple of weeks. The battle between buyers and sellers should resolve after a breakout on strong weekly volume.
