GOLD intraday long opportunity

5 באוק׳ 2021

The commodity has recently broken out of a channel down to the upside and after the impulse we appear to be forming an expanding triangle structure which would mean price is expected to hit the topside of the triangle soon presenting an intraday long opportunity, we will be observing what happens when price hits the top, I am expecting a rejection giving us a new opportunity to go short until price heads to the bottom area of the triangle, should happen in the coming days.