gold 5years weekly chart - giant descending triangle

i read gold chart many times, in long term, a tumble sign is hiding.

in short term (next month to september or into mid october), a bounce from the current (USD1582 as at yesterday) or abit lower level to as high as USD1723.

to play safe, long it when a near term short term is hit. then wait for its peaking at USD1723.

target achieved and abit exceeded, gold closed at USD1769 this early morning and the day high was USD1775. time to realise profit, it may go further to 1785 next week but the risk is increasing.

from last thread (23jul) at USD1582 to USD1775, the ride is yummy. however, profit taking doesnt mean we have to short the gold right now. i guess it will do some whipsaw struggling here into mid-oct. every peaking process has its pattern, until the pattern comes to light, patience and wait.

honor my lord, glory to my lord.