One week later
of
Gold price on
weekly chart
(As Symmetrical
triangle pattern)
Generally speaking, it was know 80% down and 20% up
when it is breakout.
Far so good, it
is going on as business as usual.
It is a fruit
and is one of power from technical analysis
See!
Reference of one
week ago chart and previous comment
=========================
This weekly
chart of Gold price is showing a good example of Symmetrical triangle pattern.
Knowing it, you
may convert your knowledge into your prosperous Wallet.
Does it mean
that you know what next price of Gold is ?
Indeed ! you
know next price of gold
This week(
19/07/2014) is closed 1316.90 reaching at the trend of the triangle.
So that if you
guess that it is lower than this(1316.90), you are no longer a novice of this
game.
Let me explain
more detail of classical methodology of Symmetrical triangle pattern.
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