Nickonomics

Gold: Triangle Thrust Update #3

FX:XAUUSD   Gold Spot / U.S. Dollar
A concluding part in our series on Gold's             triangular price action.
This time the volatility squeeze has reached extreme readings. Despite a 3-day dollar             advance in most FX majors, Gold             is still consolidating. It is difficult to count waves correctly because of faulty quotes. Compare H4 and H1 charts here, and also check 07/24 bottom price on other trading platforms -- you will see its different. Anyway, we still have a near-perfect technical Triangle setup emerging from 07/31. The breakout is imminent. ADP Employment Change report may be the news to move the market. US ISM Non-Manuf. Composite index is also important today.
good
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out