mhtong98

Triangle Pattern Forming on Gold

OANDA:XAUUSD   Emas/Dolar U.S
Currently we are seeing the formation of a Triangle pattern on XAUUSD             on the hourly timeframe,

To identify the breakout of the Triangle pattern , look at volume on the breakout

Should gold             Continue its Bullish trend , we might see Gold             break past its previous high

Should gold             however, should it go on a Bearish trend , we might see it drop back down to around
1273-1247

Possible entry: As we dont know which way the market will move, we could set 2 entry levels,
one above the previous high at around 1325 to catch the bullish breakout and another at around 1312
to catch the bearish breakout

Disclaimer: Make sure you have a proper trading plan and risk management strategy before engaging in any trade.
Perdagangan aktif: Entered Gold at 1312, currently monitoring trade activity, we should see a much larger drop in reference to its previous climb
Perdagangan ditutup secara manual: exited trade at 1309 when i saw that the next fall was in conjunction with the previous fal
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