The gold is moving in a range at the top of the symmetric triangle in 4 hour time frame.
At 1hour time frame, there is a Double top pattern, wait for the neckline breakout, once the neckline breaks the sell will be bit aggressive till the support of the 4H triangle.
On the counter part there can be a symmetric triangle breakout, if the symmetric triangle breaks downside big sell can expect and if breaks up buys will be dominant.
At 1hour time frame, there is a Double top pattern, wait for the neckline breakout, once the neckline breaks the sell will be bit aggressive till the support of the 4H triangle.
On the counter part there can be a symmetric triangle breakout, if the symmetric triangle breaks downside big sell can expect and if breaks up buys will be dominant.
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Trade closed: target reached
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Related publications
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.