26/05/2014: Gold starts to coil up into a nice Triangle pattern

Just a quick heads-up. Take a look at the Gold Daily chart. The gold price has been listless for the last 4-5 weeks. On the daily chart you can see that its forming a nice triangle pattern.  I’m not really one for trading that particular pattern, but I always take a note of them when they set-up.

20140526 gold daily coil triangle

Trade well,

Paul

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

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  1. 29/5/2014 – The Gold triangle bursts! | FXTraderPauls Trading Adventures - May 29, 2014

    […] I maybe on my holidays in the highlands of Scotland but I had a chance to look at the odd chart.  Earlier this week I drew attention to the gold price coiling up into a tight triangle pattern (click this hyperlink to read that piece). […]

    Like

  2. 29/5/2014 – The Gold triangle bursts! | FXTraderPauls Trading Adventures - May 29, 2014

    […] I maybe on my holidays in the highlands of Scotland but I had a chance to look at the odd chart.  Earlier this week I drew attention to the gold price coiling up into a tight triangle pattern (click this hyperlink to read that piece). […]

    Like

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