The recently, experimentally drawn pattern on the yellow metal’s charts has been broken. However, note that this provides an opportunity for more charting.
First of all, if one looks at the recent almost horizontal decline, it can be spotted that there exists a short term descending pattern. Due to that reason it can be deducted that the previous pattern represented the previous junior move.
By using these facts one can draw a speculative medium scale ascending pattern, which the previous charts lacked. This chart combined with the close by simple moving averages can be used for guidance.
