Monday, October 10, 2011

Gold! Monday 10/10/11

Gold is nearing the apex of a symmetrical triangle. This is worth watching for a break out! Technical theory for triangle break out states that the break out will be equal to the height of the wide end of the triangle. For Gold, this would be equal to about 2500 pips. So, certainly worth peeking at this chart every 4 hours!

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