Breakout from a triangle pattern indicates a potential direction
#XAUUSD 
XAUUSD GOLD
From a trend perspective, gold is currently in a triangle consolidation range. As time goes on, the short-term resistance is also moving downwards. Therefore, gold did not provide us with a suitable opportunity to participate in trading last night. Gold is currently continuing its decline and may further test the 4025-4015 support level. If it pulls back to this level, we can consider a small long position in gold.
XAUUSD GOLD From a trend perspective, gold is currently in a triangle consolidation range. As time goes on, the short-term resistance is also moving downwards. Therefore, gold did not provide us with a suitable opportunity to participate in trading last night. Gold is currently continuing its decline and may further test the 4025-4015 support level. If it pulls back to this level, we can consider a small long position in gold.
Operación activa
#XAUUSD Gold prices rose again in the short term due to news. If the rebound continues in the NY session, the market may retest the triangle boundary resistance of 4080-4090. If the first rebound encounters resistance at this level, shorting gold may be considered.
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👥Share free trading strategies and ideas daily🤑
Do you want to be extraordinary, or just ordinary?🚀 🌈One choice will change your future👇
Free discussion group:t.me/Elite_Exchange_G
Do you want to be extraordinary, or just ordinary?🚀 🌈One choice will change your future👇
Free discussion group:t.me/Elite_Exchange_G
Publicaciones relacionadas
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.