The Right shoulder of the year long head and shoulders formation in gold is consolidating into a wedge/triangle. either directin gold decides to break out of should be a significant move. Since we are in an uptrend, I expect that gold will break to the upside. Watch this triangle as a key indicator for the timing and the completion or failure of the head n shoulders.
Thursday, August 6, 2009
Gold Chart
The Right shoulder of the year long head and shoulders formation in gold is consolidating into a wedge/triangle. either directin gold decides to break out of should be a significant move. Since we are in an uptrend, I expect that gold will break to the upside. Watch this triangle as a key indicator for the timing and the completion or failure of the head n shoulders.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment