Rising strong support, meeting strong overhead resistance. This is nothing new of course. look at the DOW 100 years ago…

Compare it to gold today…

Where did the Dow go ?…

Where might gold go ?…

I can pretty much guarantee that BOTH will trend from bottom left to top right, because both are priced in rapidly depreciating and increasingly worthless paper. Just look at what $1 bought you 100 years ago, 50 years ago and today. Houses have gone from thousands of dollars, to tens of thousands, to hundreds of thousands in one lifetime. That’s the definition of exponential ! Keep adding zeros. There are already houses in the small town where I live in England which cost over a million pounds. That’s another zero that just got added !

I don’t think cup and handle chart patterns are meant to last anywhere near this long, but, just for fun, if we do break upwards from here, we may have a very large cappuccino brewing…