ABX update, XAU

abx.to july 24 2015

This expanding diagonal triangle is picture perfect. The line is at about $8, the retracement should, repeat should, be up to the starting point which is at $23 and all this should happen relatively . A buy here or a little lower!

The may also be sporting one of these diagonal expanding wedges;

xau july 24 2015

Alternatively you can add a 1-2 at the top and a 4-5 at the bottom. Here the RSI is lower than it has ever been during the past 5 years.