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CapitalHubs
14 דצמ׳ 2011 10:44

Gold In Triangle Consolidation 

iShares Gold Trust Shares of the iShares Gold TrustArca

תיאור

Last three months gold traded in triangle and thus consolidating. Exit from this technical figure has two outcomes – braking up or downward. Usually the following move coincides with the triangle height (in our case approximately $300). The bullish move the target is $1950, while the bearish - $1300.
תגובות
charttrader
Moving really close to the green line. Are you still expecting in at 19.5?
paulmcgregor
What direction do you expect ?
CapitalHubs
The direction is already clear after price closed below the triangle and 200MA.
עוד