NeeteshJain

GOLD Breaking out Descending Triangle

Short
NeeteshJain Pro+ Updated   
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
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