The Morgan Report Blog

Gold & NYSE Index Charts Unfold

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I hope everyone had a great weekend and Easter Holiday!

This is quick update as its Easter Sunday and it’s a time to relax with the family.

Below are two charts and my thoughts on what I am looking for in the coming days and weeks.

Gold Exchange Traded Fund – Daily Chart

As you can see the price action of gold has been trading within a few patterns the past couple months.  First we saw a nice ABC Retrace correction and now it looks like a possible reverse Head & Shoulders or Wedge pattern is forming.

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