Breakout from a triangle pattern indicates a potential direction
#XAUUSD 
XAUUSD GOLD
From a trend perspective, gold is currently in a triangle consolidation range. As time goes on, the short-term resistance is also moving downwards. Therefore, gold did not provide us with a suitable opportunity to participate in trading last night. Gold is currently continuing its decline and may further test the 4025-4015 support level. If it pulls back to this level, we can consider a small long position in gold.
XAUUSD GOLD From a trend perspective, gold is currently in a triangle consolidation range. As time goes on, the short-term resistance is also moving downwards. Therefore, gold did not provide us with a suitable opportunity to participate in trading last night. Gold is currently continuing its decline and may further test the 4025-4015 support level. If it pulls back to this level, we can consider a small long position in gold.
Transaction en cours
#XAUUSD Gold prices rose again in the short term due to news. If the rebound continues in the NY session, the market may retest the triangle boundary resistance of 4080-4090. If the first rebound encounters resistance at this level, shorting gold may be considered.
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👥Share free trading strategies and ideas daily🤑
Do you want to be extraordinary, or just ordinary?🚀 🌈One choice will change your future👇
Free discussion group:t.me/Elite_Exchange_G
Do you want to be extraordinary, or just ordinary?🚀 🌈One choice will change your future👇
Free discussion group:t.me/Elite_Exchange_G
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.