GOLD: Head & Shoulders, Descending Triangle, Semetric Triangle.
So we have an inverse head and shoulders ons gold (GC1!) 15min chart - positive
We have a descending triangle on the same chart, negative.
We have a semetric triangle on the same chart.
If inverse head & shoulders plays out, its real bullish for price of gold to continue to $1600.
Play-out of the other two formations might only be a short term correction.
I still think we are on the way to test 1600...again.
We have a descending triangle on the same chart, negative.
We have a semetric triangle on the same chart.
If inverse head & shoulders plays out, its real bullish for price of gold to continue to $1600.
Play-out of the other two formations might only be a short term correction.
I still think we are on the way to test 1600...again.
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