Monday, October 21, 2013

Chartology: Something You Won't See on Many Gold Charts

1315.40 last.
This is a picture of indecision:

It almost appears to be a mini version of a high tight flag.
If the flag had traded sideways for two or three weeks rather than two or three days it would be concerning to bears as the pattern is one of the most reliable indicators of a big move but as things stand right now it is just a curiosity.