GOLD: clear Pennant formation
going back to 2006, Gold has bounced on the same trend line, it is starting to form a Bullish Pennant. The key to which direction it goes depends on the overall market. The volume is clearly decreasing and price is being compressed like a spring. It is going to make a big move, likely to the upside.
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.