We can see a descending triangle which has formed on the top of the uptrend, indicating the trend will reverse in near future. Now as a price hits a upper trend line, we can open a short position at 1960.00 with a TP around 1905.00
Trade closed: target reached
Check GOLD or XAUUSD charts.
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Disclaimer
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.