Nexus1234

Nexus1234

Right shoulder is potentially forming which would signal a reversal and a signal to go long. Volume would need to pick up towards the end of the shoulder to help with signal. Stop just below right shoulder. First target the distance from the top of the head to the lowest trough.

Nexus1234

Arguably a right-angled triangle is forming on Gold. The trend would suggest a LONG position when it breaks above the horizontal trend. Target price 1 is the distance from the highest high to the bottom of the triangle applied at the breakout. Especially compelling trade considering the global macro events in the last couple of days.