Gold ABC
Gold has been in consolidation within a symmetrical triangle on the intraday chart. Price can break up or down. This is considering a scenario of up.
1. Enter long - at break of triangle to upside = $1726
2. Stop - below prior swing low of triangle = $ 1710
3. Target - there would be 3 points
a. Prior horizontal resistance = $ 1745
b. Equal extension = $ 1773
c. 1.27 extensions = $ 1792
RR = 4+
1. Enter long - at break of triangle to upside = $1726
2. Stop - below prior swing low of triangle = $ 1710
3. Target - there would be 3 points
a. Prior horizontal resistance = $ 1745
b. Equal extension = $ 1773
c. 1.27 extensions = $ 1792
RR = 4+
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