GOLD: Complete Indecision

22 oct. 2019

hey traders,

although I have an active selling position on gold,
many traders hesitate to enter right now and don't know what to do.

Indeed for quite a long time gold is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.

Breakout of it will be a good trigger and you can base your trading plan on that.

symmetrical triangle can be broken to the both sides,
however, my suggestion is to trade only in case of bearish breakout,
because a profit potential for bullish breakout is quite limited.

24 oct. 2019

Note

back within a triangle