Another Golden Triangle: The reason there’s still big money to be made in Precious Metals

Posted by ChartWorks - Ross Clark via Bob Hoye's Institutional Advisors

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“The most bullish examples would see the pattern develop into a series of lows around $1690 or an A-B-C correction, as experienced in 2010, which holds around $1660 (50% retracement from the December lows). A close above $1775 would be the catalyst for a challenge of $1900 to $2155. At the other extreme, a failure to hold $1625 (62% retracement from $1523) would imply that the December lows will be taken out.”

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