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Gold 1H Symetrical triangle

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The price of Gold is in the process of forming a symmetrical triangle. By definition, this pattern is considered to be neutral until it produces a breakout but for higher reliability, the breakout needs to be in the direction of the trend that lead into the pattern. In this case, we are looking for a breakout to the up side.

An additional important point to consider here is that in the last year and a half, the Gold has been forming symmetrical triangles on different timeframes and they've been overall reliable
Dagangan ditutup: sasaran tercapai
The movement from the Symetrical triangle was consumed

Penafian

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