Gold forming Descending triangle pattern in weekly.
Gold monthly time frame at golden fib., level 61.8%.
Weekly time frame forming Descending triangle pattern.
Can trade in the direction of breakout of triangle pattern..
If breakout on the top, target will be 2035$ ~ High probability.
If breakout on the down, target will be 1300$ ~ Low probability.
Weekly time frame forming Descending triangle pattern.
Can trade in the direction of breakout of triangle pattern..
If breakout on the top, target will be 2035$ ~ High probability.
If breakout on the down, target will be 1300$ ~ Low probability.
Disclaimer
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.