The above gold chart is very powerful. An inverted "head & shoulders" pattern has been forming for more than one year. Normally, "H&S" patterns form at important bottoms when selling has exhausted itself. It is rare for an inverted "H&S" to form within an uptrend, and therefore it is extraordinary that one has now formed within gold’s decade-long uptrend. It is also unusual to see it forming a complex double right shoulder. But there is an important message here...
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