Wednesday 17 July 2019

XAU/USD, Spot Gold ($US/Oz)

This hourly chart has waited patiently for XAU/USD to complete a satisfactory symmetrical triangle. And it was worth the wait. It is a genuine classic. An example of near perfection. As we gaze upon the elegant form we are transported to another level where perfection is everywhere and con artists are used for firewood when making a braai.

The other reason for verbalizing about this pattern is that it could have been made to wait for the next holy Fed meeting where the future of the brain activity of most human forms is always decided.



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