GOLD Triangle pattern

CHART-III

• Gold hits 1348 as discussed below. and now its the time for the inverted head and shoulders pattern to take over from the triangle.
• Sustaining above 1350 gold should extend gains .
• GOLD INVERTED HEAD AND SHOULDERS PATTERN
  

CHART-II

• Triangle has given breakout on the upside.
• Initial target will be 1348 if the breakout is not a whipsaw.

CHART-I

• Gold Four hour chart is showing a triangle pattern.
• The triangle is the right shoulder of a possible inverted head and shoulders pattern.
• So an upper breakout will favour bulls for a target of 1348 bigger gains will happen if price sustains above 1348.
• Break of support line will favour bears for  1314 and 1307.