S&P 500 Futures Triangle pattern

• 4 Hour time frame continues to show a contraction pattern. Price yet to make a decisive move.
• Moving average lines in daily chart are crucial. Daily candle closing outside these lines may trigger a bigger directional move.
• GOLD BEARISH PRICE ACTION

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Gold bearish breakdown

 

 

• Gold Month chart shows weakness near Month cloud.
• Weekly chart has broken down from the descending triangle.
• Next support level or target zone for this breakdown is near 1210.

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