Gold (AUD) daily chart-Symmetrical triangl's,Ascend/Fallin'WedgeGold (AUD) daily. Symmetrical, ascending, fallin' wedges. However, bullish uptrend intact.
With unprecedented Unlimited Fed QE , expect a big rally in Gold and Silver over the next 3 years (as occurred after the great Fed QE from 2008-11).
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Gold- Symmetrical triangle, within a larger Broadening Top.Gold- Symmetrical triangle, within a larger Broadening Top.
Symmetrical Triangle- Has a 60% of Upward breakout, 40% chance of downward breakout.
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Broadening Top- Has a 61% of Upward Breakout, 39% chance of downward breakout (Thomas Bullkowski)
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