I'm archiving this for my future thought, I'm a noob. Due to the trend it has been following and not breaking, I think this is a solid trend to follow until FIB retracement .618.
Gold has been behaving (following a pattern) so far... It has a tendency to follow a triangle type pattern and then break out in the past, it will most probably do the same again by the end of year, possibly the start of 2016. Those are my thoughts. Ideas and thoughts are welcome on this chart, all for learning purposes. I am not a pro and am not suggesting...
I'm still an amateur on gold but I love studying the charts. These are my thoughts on this pair. gold broke down due to massive China gold purchasing back in July. I think it is getting back into pattern now that it survived the massive purchase. Ideas and thoughts are welcome on this chart, all for learning purposes. I am not a pro and am not suggesting this...