charts and valued experts, page-351

Gold Nearing Bull Breakout
http://www.zealllc.com/2018/gdnrblbo.htm
"There’s no doubt over a year of gold seeing higher lows and higher highs is very-bullish price action. All students of the markets would recognize this viewing gold charts. But climbing support and resistance lines are lost on the financial media and mainstream investors. Investments only start garnering talk and mindshare when major new highs are hit. Popular psychology is totally dependent on that one technical aspect.
All gold needs to see is a couple modest up days to push it back over $1365 for the first time in 21.3 months! That would work wonders for sentiment, rapidly turning it to bullish which would fuel much gold-futures buying. And the speculators currently have lots of room to buy gold futures.
Gold has formed a giant ascending-triangle chart pattern over the past couple years or so. That’s defined as rising lower support compressing a price into horizontal upper resistance.
When ascending triangles resolve, it’s usually with a sharp-to-explosive upside breakout. Once that long-vexing overhead resistance fails, traders rush back in catapulting the price higher. When gold breaks out of such a massive ascending triangle, technically-oriented traders are going to get the heck out of the way if they are short and rush to ride the breakout on the long side. Futures speculators live and breathe technicals."