Ascending Triangle Pattern on 4-Hour Chart of Gold as of 2020-03-29

An ascending triangle pattern has formed on the 4-hour chart of gold. Essentially, it is opposite to the descending triangle pattern that has formed on the chart of crude oil. The ascending triangle pattern forms when swing highs are about flat while lows are ascending. It suggests that prices will extend the previous upward movement.

On the present chart, the...

Ascending Triangle Pattern on 4-Hour Chart of Gold as of 2020-03-29

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