ScotianBot

Bullish Flag or Descending Triangle for Gold?

TVC:GOLD   CFDs on Gold (US$ / OZ)
Since Gold has broken out of the ascending triangle & inverted H&S pattern from my previous post, I've noticed Gold is trading in a Bullish Flag or a Descending Triangle.

It's funny some large U.S banks like JP Morgan made a case for Gold recently, that's ironic considering some precious metals traders working for JPM pleaded guilty to spoofing Gold, no shame.

Possibly a rising wedge pattern in Green.

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