XGD (Gold Sector ASX)

This is a daily line chart of XGD, looking at the broader ASX Gold Sector. There is an INVERSE HEAD & SHOULDERS PATTERN in the making (Accumulation Pattern). Will it be completed successfully and if it did, will it succeed ? Frankly no one knows the answer to this questions. As a technical analyst, I am observing the pattern and closely monitoring some subjects within.

If  and this is a BIG IF, pattern is to be completed successfully, the height of the pattern from the HEAD LOW – NECKLINE, which is approx. 1800 points, may be projected to the upside from the breakout level to give us a long term tentative bullish price objective.

Can DT and KJU give a little helping hand to XGD ?

xgd11082017

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