More Bad Technical Analysis from Gold Bears - Video

Jordan Roy-Byrne
Author, CMT, and Editor @ The Daily Gold
July 4, 2023

In terms of technical analysis, Gold Bears are throwing shit against the wall to see if it sticks. First, Gold made a triple top. Now it could be forming a head and shoulders reversal pattern.

In this video I explain head and shoulder reversal patterns and why Gold has not formed one. I also opine on the fallacy that Gold will drop before a recession and Gold needs one last decline before a great buying opportunity.

The Daily Gold

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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.

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