Gold inside triangle pattern, wait for a break either way
Gold is going back and forth inside a triangle pattern for the last 4 weeks.
Currently, the triangle is getting narrower which indicates that price may
break out of the triangle very soon.
My plan is to sell at the upper TL of the triangle near 1968 with a small SL
above 1976. Initial TP will be at 1940.
If price breaks out of the triangle to the downside, then we can
definitely target the 1867 area as TP as well.
Currently, the triangle is getting narrower which indicates that price may
break out of the triangle very soon.
My plan is to sell at the upper TL of the triangle near 1968 with a small SL
above 1976. Initial TP will be at 1940.
If price breaks out of the triangle to the downside, then we can
definitely target the 1867 area as TP as well.
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