December 23, 2016

GOLD Triangle and Trend update

  • Gold 4 hour chart continues to show the lower lows and strong bearish trend.
  • But the Triangle in one hour is showing some hope for gold bulls. A Breakout on the upside and a move past the 50 SMA in 4 Hour time frame can give a decent bounce.
  • On the contrary if triangle support breaks the prevailing trend will become stronger.
  • GOLD Month charts

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