chartwatchers

GOLD pennant hourly update

FX:XAUUSD   Gold Spot / U.S. Dollar
185 1 10
I don't think we will have a significant breakout today... Maybe tomorrow or the day after tomorrow.
It's not going to be an easy breakout.
Traders are nervous and we have a hell of a lot of commercial shorts.

Prepare for the false breakouts....

One thing is sure . If we break to the upper direction it will be a wild run to 1300 with the young bull.
do you think this is a false breakout? At the moment?
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