GOLD | We're in a Bearish Triangle, Will We Break Through?

Gold likes to move in patterns sometimes, and it's also worth considering that the orange rock is quite overbought right now. There's a chance that the triangle will be respected, and also there's a chance that we'll fly up. Both have their arguments, but the downward direction option is more likely to happen. Don't open any positions, because we can understand what's going to happen only after next movements. Now let's watch and see!

注释

7 hours have passed and we're still inside the triangle. Due to the bank holidays and Thanksgiving, the movements of Gold aren't the most bold and obvious at the moment.