Looking at Gold on the 240 its clearly a bull flag, within that bull flag I see a ascending channel has formed it may correct and then break out of the flag to the upside. The end of next week will give us a clear vision on what will happen.
The Dow is setting up to form like a cup n handle pattern. when u look left in the highlighted area you can see right before it went into a ascending channel a cup n handle appeared I will keep an eye of the DOW for further analysis.
Learning how to tell if a reversal pattern is forming as oppose to a bear flag. It looks like a reversal pattern is forming on the 60 chart have to wait until it breaks resistance and retest for the buy.
Looking at the 60 chart I see a left shoulder and a head but it has to play out a little more to confirm it. right now its sitting on a strong support line and may go up from there, I will be patient and wait until it convincingly bounce from support first.
It looks like this pair is finally looking up on the daily. I will wait a few days or a week or so and hope that it will consolidate then move up. The market will slow for the up coming holidays. after that I believe it will go up. like the example on my chart.