Gold is in “Bump-and-Run Reversal Top” Pattern
The gold index is forming an intermediate-term “Bump-and-Run Reversal Top” pattern and it now is in the “Bump” phase. The next target prices: 1) 1550 at the Lead-in Trend Line, and 2) 1380 at the Target Line.
Silver is in the “Run” Phase with “Dead-Cat Bounce”
The silver index is still in the “Run” phase of the “Bump-and-Run Reversal Top” pattern. After a “Dead-Cat Bounce”, silver should be in a post-bounce decline driving prices gradually lower. The last price target is project at 22 on the third target line, which is close to the price level when this pattern originally started on the left side of the following chart.
U.S. Dollar is Forming a “Symmetrical Triangle” Pattern
The US dollar index is forming a 11-month “Symmetrical Triangle” pattern (see here). Prices should be choppy inside the triangle.
U.S. Treasury Bond is Forming a “Descending Triangle” Pattern
The 30-Year US Treasury Bond index is forming a 7-week “Descending Triangle” pattern (see here). The price trend can be any direction leading to this pattern depending on which side to break out.
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