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GOLD : Symmetrical Triangle

Daily Chart : Symmetrical Triangle

4 hours Chart Plan

A. Strong candle breakout key resistance 1142 could target upper trendline (Symmetrical Triangle 54% breakout up)

B. retest 1142 = Range trade between 1142-1130

  • wait for retest 1130 to confirm the buy signal again

C. Strong candle break below 1130 could target lower trendline (Symmetrical Triangle 46% breakout down)

 

GOLDH4

Warning:  Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.