Gold Price-Triangle Breakout Attempt (Again)
Chart Prepared by Jamie Saettele, CMT
-“Bigger picture, gold completed a diagonal pattern (wedge) the week of February 12th. The objective from the pattern is the origin of the diagonal, which is 1392. 1307 is a good candidate for failure however.” I’ve been ‘thinking’ that a triangle is underway from the 2/11 high. This remains a possibility and triangle support is 1215/21 if gold pulls back again.
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