Breakout from a triangle pattern indicates a potential direction

לפני 3 ימים

#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.

לפני 3 ימים

עסקה פעילה

#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.