Gold Spot / U.S. DollarUpdated

Possible gold price actions after breakout from the triangle

Possible gold price actions after breakout from the triangle. Let's see what will happen.

Note

Looks like a ABCD pattern to 1216~1218(0.5 Fib), will short from there.

Note

TP1 1208. TP2 1200 might not get there today. Long from 1208 to 1218, then short from there again. If the price goes up to 1218,continue to short.

Note

TP1 1213, TP2 1208.

Note

See the strength of bear, stay with the original plan. TP1 1208, TP2 1200

Trade closed manually

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