PavelBodo

GOLD ( xau ) USD - formed a triangle with a flat bottom !!

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

gold formed a flat bottom triangle !!

This figure is a continuation of the trend, but I think that a breakdown and another resistance test are possible.

On an example, he indicated where you can buy if it happens.

He also indicated the support area 1470-1445.
The bindings below cancel the script in growth.

Resistance 1540-1560, next 1595

This is just my opinion, and is not a call to action)
Looks good? Leave a like, share and leave a comment.
Thanks for visiting.

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.