This symmetrical triangle consolidation after a strong bearish wave on the daily chart of XAU/USD offers a breakout trade opportunity. The pattern's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My target is shown with the green line. I will set my stop-loss to the high of the breakout bar (not shown on the chart).
Trade active
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Short trade entered on 2017-12-05 at 14:06 UTC with entry = 1269.37, SL = 1289.32 TP = 1219.68 (subject to updates).