Gold 8h
Price rising inside the blue, but there is resistance @ ~1243 (brown). Yesterday huge drop was channel test, but also invalide the possibility of bearish wedge (not shown).
Gold 4h
Same story, but "blue" channel can be seen more clear.
EUR/USD 4h
Eurodollar is a mess right now. Brown lines form something like reverse triangle, but the break is much like a wedge (pink). 
Interesting that Eurodollar chart has no resemblance of gold at all. We can strongly say now that gold act on his own, and we can not use any currency (nor EUR, nor CHF, nor AUD) as a proxy for gold.
Posts
No comments:
Post a Comment