GOLD 0.51% $1,391.7 gold futures

we had a descending triangle as the distribution top, we had the...

  1. 1,032 Posts.
    we had a descending triangle as the distribution top, we had the breakout of the descending triangle and we are currently forming an inverted head and shoulder pattern which if the neckline is broken will see the retest of the underbelly of the descending triangle.

    its really simple, if we fail to break the neck line we are range bound in either side ways channel or another descending triangle.
 
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