Triangle Chart Pattern Breakout and Bullish Fundamentals
Updated
In XAUUSD we are seeing a triangle which is a breakout pattern where the market has the possibility of breaking up or down. The best way to play this is with long straddles.
From a fundamental viewpoint, the stagflation we are entering isn't yet being taken into account and we will likely see it reach 2000 in the next month.
If you want a more in-depth perspective I'll provide a link below where I talk about this trade and many more similar to it.
From a fundamental viewpoint, the stagflation we are entering isn't yet being taken into account and we will likely see it reach 2000 in the next month.
If you want a more in-depth perspective I'll provide a link below where I talk about this trade and many more similar to it.
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