Charting the Gold Breakout

Includes: GLD, IAU
by: Adam Sharp

What a beauty. Cup and handle, classic bullish chart. Time period on this chart is late 2009 through today (September '10).

Click for bigger image. Courtesy of Jesse, who does some excellent technical analysis (fundamental too) at his blog.

gold breakout

Also like Jesse's $1375 short-term target, then $1455 after a retracement.

Disclosure: None