- 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.
- 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