ShentaTsai
Short

Gold is at a triangle, will show new trend soon.

FX:XAUUSD   Gold Spot / U.S. Dollar
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Gold is a special commodity which has God's perspective towards all fiat currency, I usually do not speculate on gold , but it is just too obvious that we are at an triangle in both Day, Week, and Month chart, which, especially at month chart, gold has bear candle for the last 6 month. In Chinese, there's an old saying, when hear gun shot sound, the gold price will raise by million fold. As more tension raises in south china sea, China's internal pressure has been boiling. As their government has foreign currency control, the only way for local Chinese to maintain their assets value are buying gold . So, gold price may raise this month to the high side of triangle, and as it breaks, it will go fast, as in my opinion, may go down against USD.
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