XAUUSD FLAG POLE
Nothing much to report, as gold remains in a tight consolidation in the Flagpole & Flag since Jan. 25.
It is a tight and positive pattern.
We still have this Inverse Head & Shoulders with the Golden Neckline in the 1350-60 area .
The pattern of focus is still the Flagpole & Flag.
We still have to check:
1- the circus in Washington with tariffs for China's imports ...
2- Geo political events
3- De dollarization process ...
Also a simple chart of gold comparing the correction of 75 with the actual correction: s18.postimg.org/a5606lajd/GOLD_CORRECTION_75-2015.jpg
It is a tight and positive pattern.
We still have this Inverse Head & Shoulders with the Golden Neckline in the 1350-60 area .
The pattern of focus is still the Flagpole & Flag.
We still have to check:
1- the circus in Washington with tariffs for China's imports ...
2- Geo political events
3- De dollarization process ...
Also a simple chart of gold comparing the correction of 75 with the actual correction: s18.postimg.org/a5606lajd/GOLD_CORRECTION_75-2015.jpg
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.