1. Top Investment Trends For 2013: Introduction
  2. Top Investment Trends For 2013: Technology
  3. Top Investment Trends For 2013: Emerging Markets
  4. Top Investment Trends For 2013: Gold
  5. Top Investment Trends For 2013: Conclusion

The breakout of a triangle pattern in 2012 indicates a bullish year for gold in 2013. Triangles are traditionally continuation patterns, and the upside breakout indicates it is quite likely there is another higher wave already underway in gold. Based on the dimensions of the triangle, the long-term target is $2,080 for gold futures. Most of this advance is likely to occur in 2013.

Gold futures chart for December.
Figure 6: December gold futures chart.
Image Courtesy:thinkorswim


In the meantime, $1,800 has posed a significant resistance. The price will need to get through that area before the target can be reached. An inability to clear resistance and a drop below $1,523 indicates the price is likely to slide lower.

Gold is also tradable through the SPDR Gold Trust (ARCA:GLD). The target for the ETF based on the triangle is $195. A drop below $148.25 is bearish and indicates a potential longer term decline into the $113 region. Resistance is between $175.46 and $174.

Top Investment Trends For 2013: Conclusion
Related Articles
  1. Trading

    4 Triangle Breakouts Close At Hand

    Triangle breakouts are close at hand in these four stocks. Here's how to trade them.
  2. Trading

    Stocks Nearing Triangle Breakout Levels (TIVO)

    Triangles breakouts can provide a risk-controlled way to participate in the next wave of a stock's trend.
  3. Trading

    Four Triangle Patterns to Keep An Eye On

    These four stocks are consolidating in triangle patterns following big moves. A breakout could kick start another significant price trend.
  4. Investing

    Stocks with Breakout Potential (MDT, SLM)

    Stocks are moving within narrowing price bands and are poised for a breakout.
  5. Trading

    Watch for These Triangle Breakouts (WY, SU)

    Watch for triangle breakouts in these stocks, which could indicate the trend direction over the next several months.
  6. Trading

    Triangles: A Short Study In Continuation Patterns

    Learn how to read these formations of horizontal trading patterns.
  7. Trading

    Continuation Patterns: In-Depth Look At Triangles

    We take a closer look at ascending and descending triangles to help traders predict the ultimate breakout direction.
  8. Trading

    Watch for a New Year Breakout in These Stocks (DHR, FIS)

    The narrowing price patterns in these stocks can't last for long. Watch for a breakout.
  9. Investing

    ETFs with Major Breakout Potential (ASHR, IEMG)

    These ETFs are moving in price patterns, that when broken, could set up big trending moves.
  10. Trading

    Upside Breakout Coming? Examine The Chart Patterns

    These four stocks are trending higher and present possible near-term entry points based on chart patterns.
Frequently Asked Questions
  1. I'm about to retire. If I pay off my mortgage with after-tax money I have saved, I can save 6.5%. Should I do this?

    Only you and your financial advisor, family, accountant, etc. can answer the "should I?" question because there are many ...
  2. My wife and I both converted our Traditional IRAs to Roth IRAs over a decade ago and have invested the maximum allowed each year since. We're buying our first home soon. Do we both qualify for one-time, tax-free, $10,000 distributions?

    You and your spouse each qualify for a penalty-free distribution of up to $10,000 for the purchase, acquisition or construction ...
  3. Is a Thrift Savings Plan (TSP) a qualified retirement plan?

    Take advantage of the government's retirement plan for employees with the Thrift Savings Plan. As with a 401(k), contributions ...
  4. Who manages the assets in a Roth 401(k) account?

    Learn how to personally manage the assets in your Roth 401(k) plan and determine the best options available to help meet ...
Trading Center