September 9, 2011

Ascending Triangle of GOLD

  • Possible ascending triangle developing in four hour chart of gold
  • Ascending triangles are bullish patterns if worked according to the rules. Break of the support line will negate the bullish possibility.
  • For this one to work perfectly the Higher Low formed at 1808 should be protected. which will eventually lead to the resistance line breakout.
  • US DOLLAR BREAKOUT ABOVE 200 SMA
  • ES TRIANGLE PATTERN

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