Per a viewer request, how to draw trendlines and triangles. Trendlines need to have a minimum of four points to be viable. Triangles are a continuation move. Gold currently is trading within horizontal support and resistance with no viable trendlines or triangles.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.