Long Gold - page 4
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kevin thanks again for ur view ,pls predict ur next crisis and post the expected low of gold for ur suggested low ??????????!!!!!!!!!!!!!!
It looks like gold is in a Asysmetrical triangle pattern.If you llook at the picture there is a highlighted initial surge which is the bread of the move.
Then price pulls back into a tight consolidation pattern into the the shape of the triangle.
Soon at the end of the triangle the energy of the first surge will be released and the market will move higher..
No matter how I draw it that first initial surge is the overwhelming cause.
That looks like alot of demand to get price up that high and it hovered there so there was alot of traders wanting to push it higher.
After this next surge it may start to lose steam.It is like a tornado forming.