Hi all,
V- in your charts, this is Precisely the LOWER range triangle I was trying to describe last night,
with the larger already on the weekly, yet too big - If I remember correctly it would suggest an end in 2015.
too long.
I like the one that presents the current "shrinking" range better using a UTL from the recent lows starting @ 1180 / 1200 or the older TL.
DislikedRight, Gold in a triangle. Let's go... There is not enough evidence (for my analysis) to say that Gold is definitely in a triangle chart formation. If this is the early stages of triangle development then we can extrapolate what the potential structure and outcomes may be, as well as the points of failure that will invalidate the idea. Firstly, an updated diagram showing the two types of structures that make a contracting "wedge" shape on our charts: {image} We know the structure in question is not a diagonal because a diagonal advances the existing...Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News