Gold digger. Gold chart.Will gold breakout soon?
Th as to gif us to see. Triangle pattern, nearing breakout.
Goldstrategy
Gold - US presidential electionAs everyone is expecting gold to break alltime high $2075 before US presidential election, the chart says gold will slide & trade in the range of $1736-1802 (demand zone) before making any further move upside.
Long term demand zone $1560-1682
Fibo extension supply zone @2158-2460-2685
Expecting gold not to break $2075 within 3 months of time frame.
Symmetric again - Long/ Short only on break.Last time we have seen a symmetric triangle ( look into related ideas) and it breaks the trend line but it din't break our levels.
This time also formed a symmetric triangle and hopefully it will break with good volumes and breaks our levels. Long / Short, Enter only on breakouts
understanding trend lines and channels with GOLD.Gold priced have been moving in a broa channel for quite some time. 1485-1490 is a rock solid support as one can see in the chart, if broken - it will fall like nine pins.
