UPDATED CHART
- Triangle shown below has given a breakdown.
- The corrective up move shown in the last chart seems to have finished. Next support near 1435 - 1445 if not held price may retest the lows.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivyBb8Qhx4Ei6kqVXuL_GZDkPYOriUQvEaLLnP_DJE0DVfvwSJjSaoOndeWM0YNGLy_siTG04CVAWpc54S_A9dqEYFE-MeVCIznEHSPh9-pQMBb2H1cO2hCIYv6L3NBElDIq5U-v_MMT8w/s640/gold+corrective+up+move.png)
- Gold one hour shows a triangle shaped contraction. False moves are possible from the pattern.
- Price sustaining above 100 Hour SMA should give an upper breakout. Hourly close below this level will weaken the up trend of this time frame.
- 4 Hour chart continues to look like a corrective up move.
- GOLD WEEKLY CHART UPDATE
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