Gold in a triangle, big moves on the way!
Long or short, time will tell, gold is in a triangle that is one thing for sure!
In the bigger picture we can see it has been rejected by the weekly downtrend channel median, shorts favoured! See the weekly chart to understand. The daily RSI shows a steep rising indicator which looks like it is broken down. I'm monitoring the smaller timeframes for entry positions. This could be long or short, my chart will tell me. Just posting this summary for the traders who have been asking for me.
In the bigger picture we can see it has been rejected by the weekly downtrend channel median, shorts favoured! See the weekly chart to understand. The daily RSI shows a steep rising indicator which looks like it is broken down. I'm monitoring the smaller timeframes for entry positions. This could be long or short, my chart will tell me. Just posting this summary for the traders who have been asking for me.
