GOLD 0.51% $1,391.7 gold futures

gold on the cusp of a break

  1. 2,213 Posts.
    The hourly spot gold chart has been forming a symetrical triangle since Monday.
    Price is virtually at the apex so at some point tonight I suspect it will break and lead to a significant move.

    The only problem is, will it be up OR will it be down. Unfortunately the overbought daily chart is suggesting a break lower.
 
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