FX:XAUUSD Gold Spot / U.S. Dollar
It is been observed that the price action was ranging in a symmetrical triangle for a while. Now, the price action finally breaks out from the triangle, indicating strong selling pressure. The price shall now further move down as measured to the height of triangle. Short after a pullback to previous support of the triangle as marked.
Trade active: Book Partial Profits at current price levels of 1270 and look for a pullback to short again. Regards
Trade closed: target reached: Gold reached the targets successfully, book profits friends. Regards