Promising Long-Term Gold Price Formations

H. Arnarson • by Hallsteinn Amarson

Global Financial Markets Adviser and Strategist • May 14, 2024 at 4:39 PM EDT

The spot price of gold has formed very interesting patterns.

Gold, Bars, Wealth, Finance, Gold Bars, Deposit

Image Source: Pixabay

I no longer track gold prices as I did in the past. But when I see such promising long-term price formations, I think it is worth paying close attention. The chart patterns speak for themselves.

Spot Gold Price in U.S. Dollars

Spot Gold Price vs. U.S. CPI AUC

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Disclosure:

The author of the analysis presented does not own shares or have a position or other direct or indirect monetary interests in the financial instrument or product discussed in his articles on TalkMarkets.

Disclaimer:

The charts and commentaries provided here are for educational and informational purposes only and are based on data that is considered accurate, reliable and timely. All ideas, opinions and views expressed in the articles are solely my own.