XAUUSD is trading in ascending symmetric triangle on its hourly chart.
The price has reached its first target 79%: 1864.29 following with a retest of the breakout: 1826.11.
Symmetric Ascending Triangles tends to retrace once the first targets are reached before resuming the trend to the 2nd targets.
EL: 1826.11
ST: 1812.01
Target2:
127%: 1889.32
162%: 1906.57
The price has reached its first target 79%: 1864.29 following with a retest of the breakout: 1826.11.
Symmetric Ascending Triangles tends to retrace once the first targets are reached before resuming the trend to the 2nd targets.
EL: 1826.11
ST: 1812.01
Target2:
127%: 1889.32
162%: 1906.57
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Trade closed: target reached
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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.