Gold (XAU/USD), Trading plan.
GOLD is in a triangle the best option is to open entry when the price will break it out.
On this chart, I showed bullish scenario because I think Gold has a big opportunity to move up till $1306.
Don't hurry to open buy or sell because when the price in a triangle there is no entry till it will break it.
On this chart, I showed bullish scenario because I think Gold has a big opportunity to move up till $1306.
Don't hurry to open buy or sell because when the price in a triangle there is no entry till it will break it.
Note
Price still in triangle Note
Price broke down triangleIf 1hour candle will close under it - that will be sell signal
Note
Gold broke down triangleNote
I recommend to open sell after pullback only
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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.