Justin_Top

Gold / USD - Descending Triangle -> Continuation pattern ? or?

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             / USD - The Descending Triangle will break, one way or the other.
Silver             / USD may give us a hint
See below the links Silver             / USD
fundamentally it will go down... low commodities demand china and india... plus the strong USD... due to Ukraine issue that causes the uptrend of the XAU... obviously
+1 Reply
I totally agree with you, my trading plan starts at 1180 or depending on how fast the price will go down, 1090. And I will enter long the market there. Now, it is still up and down the rather a falling wedge. I think that on macro economic terms, we need to hear statements about the raise on inflation, increase of interest rate and a little push down from the indexes. And then we can get in the Gold market, for this time ever high above 1800-2100 in three years time from 1180-1150
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