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Velmurugan_SimpleTrader

Gold forming Descending triangle pattern in weekly.

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
Velmurugan_SimpleTrader  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Supply and Demand Fibonacci
1
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trendanalysis supplyanddemand fibonacci
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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