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Forbes reported that gold and silver prices are expected to shift in the near future.
Forbes reported that gold and silver prices are expected to shift in the near future.
As quoted in the market news:
The pattern being traced out in gold is known as the right angle triangle. The right angle triangles come in two variations. According to Robert D. Edwards and John Magee, the fathers of modern technical analysis and authors of Technical Analysis of Stock Trends, descending triangles are bearish formations that result from distribution. It is generally accepted that descending triangles are typically continuation patterns.