Velmurugan_SimpleTrader

Gold forming Descending triangle pattern in weekly.

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
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.

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