Gold: Intraday Intervals Forming Messy Symmetrical Triangle
March 12th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
I was just looking at the four and eight hour intervals on gold and my Magic 8 Ball, chicken entrails and tea leaves lead me to believe that we might have a bullish Symmetrical Triangle forming… Yeah, squint really hard, it might help you see it. * chortle * And right under that big, fat $1000. Squint some more and you might see a bullish Ascending Triangle.
Strap yourself in tight, it’s going to be wild, one way or the other, when the range bound slop gives way.
Posted in Economy | Top Of Page
