XAUUSD is in a symmetrical triangle. In stead of playing a breakout in either direction, we decided to play a possible reversal in the triangle as there's no signals for breakout in any time soon. 78.6% and 88% Fibonacci retracement are important triangle retracement levels that we used to identify the levels.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!