platinum_growth

Gold (USD) daily- Rectangular top within a Right-angled broaden'

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold (USD) daily- Rectangular top within a Right-angled broadening formation.
Rectangular tops (are Horizontal Channels entered from the bottom)- Have a 63% probability of eventual upward breakout. Further details:
http://thepatternsite.com/recttops.html
Riaght-angled and Broadening Formations- Have a 54% probability of eventual upward breakout. Overall, a poor chart formation performer for both upward or downward breakouts. Futher details:
http://thepatternsite.com/rabfa.html


Comments

Great analysis and view on this, also looking for new highs
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Same analysis new H.H on the way.
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