Anand Shah
yes, the move higher yesterday made me think it was break higher, but as weve seen in that 'pennant' you have spike highs which can throw you off balance ... the MA you used shows a clear trend lower and the MACD approaching the 0 line is interesting too ...
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RyanLatorre
Gold looks to be heading lower. There is just no upside momentum. Hard to be a gold bull.
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Anand Shah
agreed its messy ... and gold broke out of it on the upside so i think this idea is redundant as of today ... do you have an alternative view of gold from a technical standpoint?
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LEONES
Not sure about this pennant. It is not well defined. Gold looks is pointing higher
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