I’ve just spotted a pattern that could prove to be the easiest money you’ll ever make.
I came across this pattern while looking at the gold market, and I can’t wait to get my hands on these profits.
It’s worked for me time and time again…
The bull rally we’ve seen in recent months has pushed gold to the back of peoples’ minds.
Gold tends to go up as the stock market goes down, and vice versa.
But I’ve just uncovered a pattern in the gold market that could make you a fortune.
Like I mentioned earlier, it might be the easiest money you’ll ever make.
I have to note that we’re not going to be buying physical gold, which means you don’t even have to leave your couch to take this money.
We’re going to be using exchange traded funds (ETF) to take advantage of this, and they trade exactly like stocks.
There’s many different gold ETFs you can trade, but I found this pattern while looking at the chart of the SPDR Gold Shares ETF (GLD).
Take a look at the chart below:
I don’t want to scare you off at all… this chart is much simpler than it looks. You might even see exactly what that pattern is.
But, basically, we have the price of GLD represented by the red and black vertical bars that move across the chart.
As a technical analyst, I’m here to point out the stock market patterns that might not be so obvious at first glance, and one of the most profitable patterns I’ve ever used is the double bottom.
In the same GLD chart, I’ve outline the double bottom below…
It should make a little more sense to you now that you can see it.
But the most important marking on that chart is the longer blue line I’ve drawn across the top.
This is known as the base-line, and this is exactly what tells us when to jump into our easy-money gold trade.
Before I get into what we should be looking for in regard to that blue line, I have to explain a little more about the blue curved lines.
Those two curved lines indicate the double bottoms we’ve been looking for. Ideally, you want the right one to be lower than the left one.
Once the stock completes that second bottom, it’s almost a sure-thing that we’ll be cashing in some heavy profits soon.
Since GLD has already done that, we’re just awaiting a single move that’ll provide us with one of the easiest payouts we’ve ever taken.
The single move we want to see is the price of GLD close above that blue line. Once this happens, history tells us that the price of GLD should sky-rocket.
By watching this chart of GLD very closely, you could be taking that easy-money profit before anybody else realizes what’s going on.
