Chart
Monthly bullish triangle is forming, and prices have managed to hold the 20-month simple moving average this week. Historically, the 20 SMA has been a very good support level - outside of the late-2008 correction that managed top hold the 40 SMA. RSI tends to bottom around the 50-level on these corrections - which is close to where it is at present. The...
Gold chart suggest we are nearing a critical point. People have long debated what is in store after Central Banksters exhaust all there abilities. The two prevailing speculations are that either the global economy will reach a liquidity trap or all the action from the Central Banksters is lagging and we will eventually trigger inflation.
What is a Liquidity...
The falling wedge continuation will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
1. Prior Trend: To qualify as a reversal pattern, there must be a prior...
GOLD's melting point is 1064 C ...so is does melt
Yes, GOLD broke out of a major triangle and put on the glorious shine.
But it certainly feels overheated now with momentum running little out of steam, produced a rising wedge formation
accompanied with a negative divergence.
The trend is up and could make another new high in this move, but this only means the...
