It's applying his years of experience as a stock market technical analyst with a free hand.

A technical analyst or trend follower recognizing this trend would look for opportunities to sell this security.

Technical analysts, in particular, are abuzz about a potential break-out from its present base pattern.

Investment researchers called “technical analysts” look at the historical shapes of charts to determine whether a current buying or selling trend will continue or turn around.

Technical analysts, those who pick over charts of past performance to try to gauge likely future moves, declared that the picture looked bullish after gold pushed through the $1,270 'resistance level'.