jakeshake

GOLD: Looking kinda dull.

FX:XAUUSD   Gold/U.S. Dollar
34 0 1
Nothing to get too excited about here. Trading textbooks will state rising wedges in up-trends or even down-trends usually end up breaking downward. However I'm not going to discount the elliot wave oscillator and Chris Moody's multi-time-frame rsi as they're both trending up. I'm expecting a pop upward when this wedge breaks formation. It will be mediocre at best. We need the right kind of news to be pushed globally to encourage a real rise in golds price, which I'm not expecting this week. :P

Catch the next shock-wave, bro. B-)
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