Gold Spot / U.S. DollarEducation
XAUUSD ; still bullish in Triangle
despite the downside pressure in today's daily session, Gold still keeps it's strong position in the Triangle pattern.
Pay attention to 60-Min chart; a triple bottom in the trend-line upwards can be observed.
A breakout above 1720 - 1725 should indicate a new bullish trend here and likewise, a breakdown below 1690 - 1685 is expected to indicate further consolidation.
Pay attention to 60-Min chart; a triple bottom in the trend-line upwards can be observed.
A breakout above 1720 - 1725 should indicate a new bullish trend here and likewise, a breakdown below 1690 - 1685 is expected to indicate further consolidation.
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.