GBUG - How Gold's Momentum Structure Adds A Degree Of Technical Clarity

• The monthly chart of the gold price right now is a great example of how this methodology can help in terms of adding clarity to the technical picture.
• The prior bull market topped out in 2011 and rolled over into a bear market that lasted until late-2015. Prices rallied from there to make a new high last year.
• Since the peak in both price and momentum last year, the latter has come down to test the breakout level which now coincides with its uptrend line that dates back to the beginning of the new bull market.

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