GOLD H1 ANALYSIS - SYMMETRICAL TRIANGLE PATTERN
Hey traders,
Looks like Gold is currently consolidating in a symmetrical triangle pattern.
Since I am bullish on the higher time frames, I am waiting for a breakout to the upside.
If price does break out to the upside there is some strong S/R in play around the 1515 area.
If price breaks down to the down side I would see no buying pressure until the blue trend line.
For now we have to be patient
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi.
Looks like Gold is currently consolidating in a symmetrical triangle pattern.
Since I am bullish on the higher time frames, I am waiting for a breakout to the upside.
If price does break out to the upside there is some strong S/R in play around the 1515 area.
If price breaks down to the down side I would see no buying pressure until the blue trend line.
For now we have to be patient
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.