With Gold breaking to new highs, Adam Hewison, who has been bullish on gold for quite some time now, released a new, quick 2-minute video entitled “An Alternative to Trading Gold” that shows his take on the current “Inverse Head and Shoulders” in gold and demonstrates the pattern and trading possibilities also in GLD, which he describes as an alternative to trading futures or holding actual gold, which is popular with many traders.

In this screencapture I took, Adam is showing the “Energy Field” (consolidation area) which is referred to as the “Inverse Head and Shoulders” pattern, in which Adam describes a possible target of $1,200 or even $1,300 as seen on the chart.

Adam writes, “There is no doubt about it – gold is getting a lot of press and media attention lately. So the question is, is the move in gold over or is it just beginning?

I don’t believe the move is over on the upside for gold, but in my new two-minute video I’m going to share with you an alternative to gold that should do just as well for many of the same reasons. This is a big liquid market and has great upside potential and is less volatile than gold.”

The inverse head and shoulders pattern is a classical technical analysis chart pattern, and Adam does his best to walk you through it.

Thanks as always to Adam for these videos and permission to share them.