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The yellow metal

Junaid asks:
“Is GOLD again headed to break $1000.?”
My Notes:
Gold is in a large symmetrical triangle. This means: the trend is uncertain, as the metal decides on its next direction. The good news is that a trending move should be available if and when prices move out of the triangle.
I am giving a Gold continuous futures chart here. There is a pattern of higher lows in the near term. A position trader, who wishes to take an early position can buy at current levels and keep a stop below Low2 which is around $927. This is much simpler than trying to forecast where the eventual breakout will be.

Godlaug609

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