GOLD Triangle pattern

UPDATED CHART

• Triangle shown below has given a breakdown.
• The corrective up move shown in the last chart seems to have finished. Next support near 1435 - 1445 if not held price may retest the lows.

 

• Gold one hour shows a triangle shaped contraction. False moves are possible from the pattern.
• Price sustaining above 100 Hour SMA should give an upper breakout. Hourly close below this level will weaken the up trend of this time frame.
• 4 Hour chart continues to look like a corrective up move.
• GOLD WEEKLY CHART UPDATE