Over recent weeks, gold has been forming a wedge or triangle pattern. These can be halfway patterns or reversal patterns. The clues are there to show us which. Firstly the COT’s  are primed for a short covering rally which could potentially prove to be the long awaited turning point. Cycle theory says that we are in a new 15 year gold cycle, having bottomed in late 2015. That implies we are in a new bull, so all downside moves should resolve upwards to give us new highs. Also, at this point in time, the various chart indicators (on the appropriate timeframes of weeks/months) can pick out the price highs and lows very well for us. They’re shouting at us right now, saying this is a low, and we are already turning up…