Gold - a chart observation, page-4

  1. 384 Posts.
    Hi Woddonee,
    Broadening wedges, descending. Bullish consolidation when found after or during an uptrend, a rare formation and good news when the breakout is upwards as approx 80% are.
    Read all about it in "Encyclopedia of chart Patterns"
    by Thomas N Bulkowski.
    Available over the net from Dymocks.
    Bit dear but it comes in hardcover and worth every cent if you are into that type of TA.
    Both of your patterns are quiet exciting, with CRS having already broken North but the 100 oz futures dated the 28/8 an unknown quantity.
    Happy charting, falko
 
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