Itumeleng90

Itumeleng90

Gold has been on an upward movement, but we can see it retraced slightly. therefore, creating a triangle pattern. I am anticipating that if price breaks either side of the triangle then I will open trades in the direction of the price. TP will be the previous highs or lows.

Itumeleng90

After a downtrend has been broken up, we can see then price forming higher lows and eventually forming a triangle pattern. I have put the arrows to show if price breaks either sides of the triangle we will place trade according to the direction of the price. if price closes below then TPs will be the previous lows.

Itumeleng90

REVERSAL @ 0.70261 and open BUY

Itumeleng90

On a monthly chart, we see that the pair had developed a broadening bottom pattern from a bearish trend, as it went low to a monthly resistance 1.14682 then shooting upwards to break 1.27954 before the development of a flag pole. At 1.29554 forms an uptrend support line for a flag and at 1.32830 form a breakout of the bullish candle and currently the market pulled...