Fri, 26 Jul 2013 07:15:48 GMT
XAU/USD 1H Chart: Rising Wedge
Gold is not the instrument we frequently cover, but there is a high quality and high magnitude pattern being formed on an hourly chart. The rising wedge is already more than 370 bars long—its inception dates back to the end of June, when the price of the commodity bottomed out near 1,181. During that time the spot advanced up to