GOLD COULD BE IN A RANGE THIS WEEK

Here is a trading idea of XAUUSD. the range is drawn in the form of a triangle. if this range is held. you will need to use a trailing stop if you take on a long position in gold because in a ranging market OF COURSE prices are not trending. the SL entry and tp targets are set. If you find my post helpful. please follow me here. I plan to post more ideas. My trading style is elliot wave influenced. As for the range for gold. i am expecting a long term up move. the red lined are last months high and low and ironically the upper red line is sitting at the previous all time high in 2011. if gold bounces off that area. we make see more uptrend movement. Thank you for reviewing my trade idea. please follow.