GOLD long breakout: retesting the local triangle (Short-term)

GOLD /USD Long position after confluence, Triangle breakoutPullback:
retesting the local triangle upside: Short-term analysis

- GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%)
As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE!

**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.

Note

This is a clarification about my previous posts:

GOLD globale analysis for long and short term

XAUUSD Periods and short expectation on Fibonacci retracement

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GOLD/USD confluence: Retesting the local triangle upside

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First Target (1710) reached! Congrats!

Note

Here is an update for GOLD in short-term:

Triangle breakout and retesting the support- Eliot wave analysis

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Congrats on ur last profits for the first target !
In the last comment you will find another entry for today.

MarjaniFX

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