Tuesday, 26 July 2011

EUR/USD possible wedge completed on the hourly chart

Gold down trend...

... on the hourly chart. Arguably. Just in case you thought I had turned in to Avid Gold Bug.

The hourly chart illustrates a possible "kiss goodbye"from the recent up trend line. From little things, big things grow, sometimes.

The daily chart is showing a strong up trend...

Weakness at this time frame would be indicated by a close beneath both the topmost trading channel line and the up trend line.