VasilyTrader

GOLD (XAUUSD): Bullish Accumulation?!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Quick update for Gold:
since my last post on Sunday, the market formed a classic bullish
price action pattern on a daily - the ascending triangle.

The pattern signifies a bullish accumulation and a highly probable
coming bullish movement.

To confirm that we stick to the plan that I shared earlier.
We wait for a bullish breakout of 2341 and a daily candle close above.

It will open a potential for a bullish continuation to 2375.

Alternatively, a bearish breakout of a trend line of a triangle
can give us a strong bearish signal.

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