CHILLFOREX
Short

Breakout on Gold on a Triangle

TVC:GOLD   CFDs on Gold (US$ / OZ)
We can see Gold have a breakout on the Daily timeframe , and now it is trading below the 200MA - This could cause a shift in investor focus, with USD looking stronger then expected this could continue
USD are known to hike rates in December and that could cause bullishness, although this is mostly priced in with institutional investors.
I will be looking to enter on a retest of the Triangle and 200MA to confirm resistance.
1260 is also a strong support level that has held on numerous occasions on larger timeframes
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