Triangles occurring in similar positions in XAU/USD 1.00% , EUR/USD 0.19% , DXY -0.14% .....potentially with Syria/Russia conflict or China trade war fundamental factors exacerbating. 4th wave triangle looking to break higher. Need probably one more leg (e wave) lower to finish triangle consolidation pattern before a thrust higher. Potential 4:1 reward/risk. BUY at 1.2300, stop 1.2225, take profit target 1.2600. I prefer the BUY GOLD idea published earlier as slightly higher R/R.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.