Stealth Pattern Suggests Considerably Higher Gold Prices

My view:

The inverse head and shoulders pattern is apparent on the goldollar index, and index that factors out the currency moves in the US dollar.

While the pattern does not suggest what the target price in US dollars is, it does suggest a gold move on the order of 8 to 10%.  

This pattern, combined with the point and figure chart on the US dollar that may move down, could see gold measured in US dollars perhaps rise $100 or more over the next few months if the pattern triggers.