Is the Gold Rally for Real?

You're about to learn why the gold rally looks real, despite Friday's signal reversal bar.

Markets play out in threes, and we’ve seen 3 failed breakouts in gold over the last several years.

So, naturally the bears came out of the woodwork on Friday's reversal.

Sentiment is a funny thing. I noticed that many of the bears on Twitter are the same folks who got hurt ‘believing’ in the gold breakouts in the last few years.

Now they are bitter and waging a war to get even.

Not only won’t they buy gold, but they are fading it on another presumed failed breakout at 1350-60.

Markets have no idea what your position was 3 years ago.

You must view a set up with fresh eyes, and not through the clouded of bias of what happened the last time around.

Take a bullish set up for its own merits rather that seeing it through the lens of a past fizzle.

Just as gold exploded above a 3 point trendline on May 31, I believe that was the precursor to a triple top breakout over the last 3 years highs.