The only problem is the big move is already over. There’s no more juice left to squeeze.<\/p>\n
So, they exit. They lick their wounds and then repeat the entire process all over again.<\/p>\n
The trick is spotting those big moves before<\/em> they actually happen. Unfortunately, sometimes that means positioning yourself a little bit early.<\/p>\n But if you want to catch those big moves, that’s simply the cost of doing business.<\/p>\n It’s impossible to consistently time the market. What’s far more important is recognizing when the market’s getting ready to run and being prepared for it.<\/p>\n And it just so happens that gold right now is gearing up for another big move…<\/p>\n I don’t know which way that move is going to go. It could be a big melt-up or a vicious sell-off.<\/p>\n But that’s okay. We don’t need to know which way gold is going to go in order to make a tidy profit.<\/p>\n At least not yet.<\/p>\n It’s all got to do with the chart pattern that gold is currently tracing out.<\/p>\n This particular pattern is a symmetrical triangle. It occurs when prices trade sideways in an increasingly narrowing range.<\/p>\n You use two trendlines to outline the contours of the pattern. These trendlines slope towards each other, eventually reaching a point.<\/p>\n You can check out the pattern in the chart below.<\/p>\n <\/p>\n The triangle has been taking shape since December 1.<\/p>\n You can see how the two trendlines (blue lines) are containing all the price action.<\/p>\n Prices can’t trade within this narrowing range forever. As we get closer to where the two lines will meet, we should see an explosive breakout.<\/p>\n <\/p>\nGold Could Go Either Way<\/h2>\n
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