{"id":784,"date":"2021-07-07T21:51:31","date_gmt":"2021-07-07T21:51:31","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/shipton-duric\/?p=784"},"modified":"2021-07-09T12:21:30","modified_gmt":"2021-07-09T12:21:30","slug":"omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/","title":{"rendered":"Omar’s Quick Take – Gold Forming Multi-Year Symmetrical Triangle Pattern"},"content":{"rendered":"

Having suffered a nearly decade-long bear market through much of the 2010s, gold began a blistering ascent back in late 2018, having essentially doubled in price by its most recent peak back in September of last year.\u00a0 We initially took on our full precious metals exposure in the Growth and Aggressive Growth models back in 2019, but looked to take advantage of the correction in that market in the Fall of last year to introduce exposure to the Balanced model.\u00a0 Needless to say, it has been a somewhat frustrating position since, notwithstanding its attractive portfolio diversification benefits, as it has continued to hug the multi-year bull trend support line, without a clear reassertion of its prior bull trend.<\/p>\n

That said, when looking at a larger chart, there does seem to be a well-known consolidation pattern forming called a Symmetrical Triangle pattern<\/a>.\u00a0 Though there is never such a thing as certainty in markets or the study of them through Technical Analysis, there has been ample precedent that when an asset\u2019s price has been previously bullish trending, as gold had been from late 2018 to mid-2020, and this asset consolidates into a Symmetrical Triangle pattern, then its price performance has often resolved itself in the same direction as its trend prior to the consolidation.\u00a0 In this case, a resumption of gold\u2019s bull market with a strong possibility of a powerful breakout from the pattern.\u00a0 The risk is always that it might resolve the consolidation in the opposite direction, which may prompt us to reevaluate our desire to maintain the position as the market may be telling us something through price that perhaps the fundamentals have yet to.\u00a0 We will stay long for now.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Having suffered a nearly decade-long bear market through much of the 2010s, gold began a blistering ascent back in late 2018, having essentially doubled in price by its most recent peak back in September of last year.\u00a0 We initially took on our full precious metals exposure in the Growth and Aggressive Growth models back in […]<\/p>\n","protected":false},"author":77,"featured_media":794,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nOmar's Quick Take - Gold Forming Multi-Year Symmetrical Triangle Pattern - Oram Financial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Omar's Quick Take - Gold Forming Multi-Year Symmetrical Triangle Pattern - Oram Financial\" \/>\n<meta property=\"og:description\" content=\"Having suffered a nearly decade-long bear market through much of the 2010s, gold began a blistering ascent back in late 2018, having essentially doubled in price by its most recent peak back in September of last year.\u00a0 We initially took on our full precious metals exposure in the Growth and Aggressive Growth models back in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/\" \/>\n<meta property=\"og:site_name\" content=\"Oram Financial\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T21:51:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-09T12:21:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-content\/uploads\/sites\/91\/2021\/07\/iStock-1028974962.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"724\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Omar Duric\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Omar Duric\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/\"},\"author\":{\"name\":\"Omar Duric\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/#\\\/schema\\\/person\\\/66ae532d8c14cbace6275c8a1cfa3542\"},\"headline\":\"Omar’s Quick Take – Gold Forming Multi-Year Symmetrical Triangle Pattern\",\"datePublished\":\"2021-07-07T21:51:31+00:00\",\"dateModified\":\"2021-07-09T12:21:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/\"},\"wordCount\":291,\"image\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/wp-content\\\/uploads\\\/sites\\\/91\\\/2021\\\/07\\\/iStock-1028974962.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/\",\"name\":\"Omar's Quick Take - Gold Forming Multi-Year Symmetrical Triangle Pattern - Oram Financial\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/wp-content\\\/uploads\\\/sites\\\/91\\\/2021\\\/07\\\/iStock-1028974962.jpg\",\"datePublished\":\"2021-07-07T21:51:31+00:00\",\"dateModified\":\"2021-07-09T12:21:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/#\\\/schema\\\/person\\\/66ae532d8c14cbace6275c8a1cfa3542\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#primaryimage\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/wp-content\\\/uploads\\\/sites\\\/91\\\/2021\\\/07\\\/iStock-1028974962.jpg\",\"contentUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/wp-content\\\/uploads\\\/sites\\\/91\\\/2021\\\/07\\\/iStock-1028974962.jpg\",\"width\":724,\"height\":483},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/2021\\\/07\\\/07\\\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Omar’s Quick Take – Gold Forming Multi-Year Symmetrical Triangle Pattern\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/#website\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/\",\"name\":\"Oram Financial\",\"description\":\"Wellington-Altus Private Wealth\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/#\\\/schema\\\/person\\\/66ae532d8c14cbace6275c8a1cfa3542\",\"name\":\"Omar Duric\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/81449ab4dedc956f86a892a57d82f80f5f74bcd732df14772fc78c98d02dfe19?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/81449ab4dedc956f86a892a57d82f80f5f74bcd732df14772fc78c98d02dfe19?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/81449ab4dedc956f86a892a57d82f80f5f74bcd732df14772fc78c98d02dfe19?s=96&d=mm&r=g\",\"caption\":\"Omar Duric\"},\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/oramfinancial\\\/author\\\/omarduric\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Omar's Quick Take - Gold Forming Multi-Year Symmetrical Triangle Pattern - Oram Financial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/","og_locale":"en_US","og_type":"article","og_title":"Omar's Quick Take - Gold Forming Multi-Year Symmetrical Triangle Pattern - Oram Financial","og_description":"Having suffered a nearly decade-long bear market through much of the 2010s, gold began a blistering ascent back in late 2018, having essentially doubled in price by its most recent peak back in September of last year.\u00a0 We initially took on our full precious metals exposure in the Growth and Aggressive Growth models back in […]","og_url":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/","og_site_name":"Oram Financial","article_published_time":"2021-07-07T21:51:31+00:00","article_modified_time":"2021-07-09T12:21:30+00:00","og_image":[{"width":724,"height":483,"url":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-content\/uploads\/sites\/91\/2021\/07\/iStock-1028974962.jpg","type":"image\/jpeg"}],"author":"Omar Duric","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Omar Duric","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#article","isPartOf":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/"},"author":{"name":"Omar Duric","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/#\/schema\/person\/66ae532d8c14cbace6275c8a1cfa3542"},"headline":"Omar’s Quick Take – Gold Forming Multi-Year Symmetrical Triangle Pattern","datePublished":"2021-07-07T21:51:31+00:00","dateModified":"2021-07-09T12:21:30+00:00","mainEntityOfPage":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/"},"wordCount":291,"image":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#primaryimage"},"thumbnailUrl":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-content\/uploads\/sites\/91\/2021\/07\/iStock-1028974962.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/","url":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/","name":"Omar's Quick Take - Gold Forming Multi-Year Symmetrical Triangle Pattern - Oram Financial","isPartOf":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/#website"},"primaryImageOfPage":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#primaryimage"},"image":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#primaryimage"},"thumbnailUrl":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-content\/uploads\/sites\/91\/2021\/07\/iStock-1028974962.jpg","datePublished":"2021-07-07T21:51:31+00:00","dateModified":"2021-07-09T12:21:30+00:00","author":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/#\/schema\/person\/66ae532d8c14cbace6275c8a1cfa3542"},"breadcrumb":{"@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#primaryimage","url":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-content\/uploads\/sites\/91\/2021\/07\/iStock-1028974962.jpg","contentUrl":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-content\/uploads\/sites\/91\/2021\/07\/iStock-1028974962.jpg","width":724,"height":483},{"@type":"BreadcrumbList","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/2021\/07\/07\/omars-quick-take-gold-forming-multi-year-symmetrical-triangle-pattern\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/"},{"@type":"ListItem","position":2,"name":"Omar’s Quick Take – Gold Forming Multi-Year Symmetrical Triangle Pattern"}]},{"@type":"WebSite","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/#website","url":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/","name":"Oram Financial","description":"Wellington-Altus Private Wealth","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/#\/schema\/person\/66ae532d8c14cbace6275c8a1cfa3542","name":"Omar Duric","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/81449ab4dedc956f86a892a57d82f80f5f74bcd732df14772fc78c98d02dfe19?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/81449ab4dedc956f86a892a57d82f80f5f74bcd732df14772fc78c98d02dfe19?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/81449ab4dedc956f86a892a57d82f80f5f74bcd732df14772fc78c98d02dfe19?s=96&d=mm&r=g","caption":"Omar Duric"},"url":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/author\/omarduric\/"}]}},"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/posts\/784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":3,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"predecessor-version":[{"id":793,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/posts\/784\/revisions\/793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/media\/794"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/oramfinancial\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}