Gold is making a higher degree consolidation ,it is now looking like a triangle which could break both ways .
Comments
jashish9999
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thanks anil bhai
badkiller000
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in profit thank you so much anil
blackpirate
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stocks plummet , treasury yields down and interestingly commodities are down too. look at silver price haha . very nice manipulation on the market side. ^^
i always recommend people , go with the physical invesment on precious metals not trade them on FX. that becomes really annoying sometimes.
IvanLabrie
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Double zigzag down?
Looks possible.
I ultimately want to buy the leg down completion based on the larger structure.
If we get a divergent low after the triangle breaks down it might be a good one, say around 1140.
plf64
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I dont believe it)
FOREXACCOUNTMANAGER
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you think it will go down after touch 1180 ?
anilmangal
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Hi Syedali ,thank for you question , First i don't know that it will go to 1180 so not sure where that number came from, second I like to wait for this patterns to play out before i decide . In the case that it breaks up ,I would analyze the pattern to decide the next move but for now yes if it makes a C up then I am expecting more down .