Gold charts

Gold daily

On daily chart we see rising channel, but price may fall some more, before begin to rise.
Gold 4h

On 4h chart we see the current support level.

Gold 4h again

Here we show the triangle we spoke about in previous posts (upper blue line, down - brown line).
Well the triangle was broken in "wrong" side.

We see there is additional support from parallel blue line, because the triangle "morphed" into down channel(something simillar happened in Gold some time ago). We are currently on the bottom of the channel, and I we are correct, we may expect rise to $ 1,065.- level.

This down channel can be view like a flag (see daily chart - lines not shown).

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