Looking at gold from 7 angles

May 12, 2015 12:23 PM

Chart-wise, gold looks like a cooking pressure, not in terms of price or momentum, but in terms of its chart pattern. The recent sideways action can go on for a while longer, but the descending triangle formation on the chart is reaching its apex. In our own words: we are nearing a make-or-break level.

gold_weekly_chart_May_2015_599

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