HighNoon3777

Descending Triangle or Rising Pennant?

Short
HighNoon3777 Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Flat bottom means we're topping out and headed down. Sloping means a massive upside is on the way. Gold is at long term highs. Big banks are saying gold 3000. (Why not 2000?) Dow is showing weakness. The dollar is rising. The last time the Dow dropped, so did gold. The Great Recession saw some massive corrections in gold on its way to record highs. Why gamble? It's easier to hop back on a rising roller coaster.
Comment:
Roller coaster arrived.
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