Attention Gold Bulls – Update

On Saturday we discussed how gold was forming a multiple month triangle consolidation.

Gold breached the upper stem of the triangle consolidation on Thursday. Any bullish follow through should send gold on a trending move. 

A full breakdown of the daily, weekly, and yearly cycles for gold is discussed in the Weekend Report.

Below are two bonus charts.

TXG has begun a pattern of higher highs and higher lows.

TXG is running into resistance at the converging 20 day MA and the 50 day MA. A close above these two moving averages should send TXG on a trending move.

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