Looks like a nice bull flag completion today. Could see the price stall a tad here, due to what could be considered minor old resistance.
With some profit taking possibly to come this week, we may be able to test the Last DTL here is the origin chart.
Notice the consolidation then power breaks of the past two?
on the daily in the last post.
Here is the weekly with fibos and dtls. I suppose one last Down trend line could be drawn from 1900+ high to 1800 area which intersects at the 61.80 fibo
anyway so it isn't really that important as of now. I took a quick shot of the line anyway in the second chart.
Here is are the origins of this simple analysis. - daily zoomed out.
With some profit taking possibly to come this week, we may be able to test the Last DTL here is the origin chart.
Notice the consolidation then power breaks of the past two?
on the daily in the last post.
Here is the weekly with fibos and dtls. I suppose one last Down trend line could be drawn from 1900+ high to 1800 area which intersects at the 61.80 fibo
anyway so it isn't really that important as of now. I took a quick shot of the line anyway in the second chart.
Here is are the origins of this simple analysis. - daily zoomed out.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News