http://www.chartpatterns.com/rectangles.htm
Applies to the gold chart and is why I remain bullish on gold.
Gold has formed a clear rectangular consolidation pattern with a trading range between 1525 and 1800.
"Rectangles should generally be traded as continuation patterns. They are indecision areas that are usually resolved in the direction of the trend. Research has shown that this is true far more often than not."
http://www.chartpatterns.com/rectangles.htmApplies to the gold...
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Change
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Mkt cap ! $6.353M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $779 | 259.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 15823362 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 23487747 | 25 |
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