Csys

Gold: Bullish triangle break-away

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
0
The first metal in the series is Gold, whose congestion pattern has taken the form of a symmetrical triangle. As with the index (see the idea linked below), we see a continuation of the upward motive, which, for Gold, has also broken the weekly bearish TL. It would not, then, be very aggressive to target the UMLH for the Gold traders.
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