Gold Triangle, Targets&Direction on GC 04-13 E-mini Futures-Contract
After few days of consolidation on Gold and Silver, I was happy to see something interesting for next week(s). Will go from Monthly to Daily (1440min chart) with Direction & Targets. [caption id="attachment_6241" align="alignleft" width="150"]
Gold Triangle[/caption] Gold Triangle Monthly:
As you can see, on long term we are in Bearish triangle. To keep this movement on long term, we have to break are bearish channel on weekly chart. To do this,Buyers need to pass my orange area price. And then, retest gold price around 1700. Gold Bearish Channel: [caption id="attachment_6242" align="alignright" width="150"]
Gold BearishGold .... Weekly:[/caption] On weekly chart Sellers never was able to close under [...] day trading course
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