forextidings

GOLD Symmetrical triangle breakout target $2000+

Panjang
OANDA:XAUUSD   Emas Semerta / Dolar A.S.
The gold spot made a symmetrical triangle and broke upward. And it was following the downtrend line channel from the beginning of September. As you can see, the breakout candle has closed above.

I have drawn a dynamic parallel trendline to find out the last point of the rally. Long-term investors, please keep their eyes on A, B, C, D, E, F, and G. Wherein F & G are the next targets.

And day traders can take entry for $1990 - $2014+ levels.

As I described, gold tried and failed to break away from the bullish "symmetrical triangle," suggesting a continuation of the uptrend that preceded it looms.

Kindly note XAUUSD trend will change after the breakdown of D.

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