Loading ...Looks like yesterday may have been the day that matched the triangle apex. History tells us that markets reverse or a few days at the apex and then rejoins the trend in progress. I was hoping it would trade down for a couple of days into the apex and resume to the upside.
After breakout, gold could only retreat to the trend but not penetrate it. It bounced twice and continued up. If we get a few days of sideways movement to alleviate the overbought condition and continue up, the momentum may get intense. The back room financial talks are probably intense after the Swiss dropped the financial bomb.
rno