XAUUSD broke above the triangle patter on its 4-hour chart last Friday and continued its short term bullish movement from the May 9 low of 1214.17, and the price extended to as high as 1269.37 ...

Photo: AFP via Getty Images Tesla Inc.’s stock has sliced through the bottom of a “triangle” consolidation chart pattern, and investors are worried about further weakness.

The gold price is forming a triangle pattern on its weekly chart. The price failed in its attempt to breakout of the resistance trend line from 1433.59 to 1375.11 and pulled back from 1357.45.

After breaking out of this ascending triangle, another one appeared on the chart in late May and June. Resistance formed around $131. The sellers were content to stay there.

It’s tracing out a descending triangle chart pattern, which usually resolves in a bearish move. If 3.70 on the nearest contract breaks, one more reason to play better defense.

Nevertheless, with the USDJPY arguably having broken this week above triangle resistance (on the weekly chart), odds are decent for a weekly close above the psychologically key 135 whole figure level.

Nevertheless, with the USDJPY arguably having broken this week above triangle resistance (on the weekly chart), odds are decent for a weekly close above the psychologically key 135 whole figure level.