A Golden Triangle Part II

This is a syndicated repost courtesy of Gold Traders Almanac. To view original, click here.

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

This week the price of gold pushed above the upper trendline of the golden triangle.  However now it has paused and is consolidating just above it.  Within our golden triangle is another pattern called a complex, inverse (or bottoming) head and shoulders formation.  I have marked the key features on this chart: 

This structure has a smaller head and shoulders embedded within a large head of […]

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

Click here to try the Professional Edition for 30 days risk free.