XAUUSD is forming symmetrical triangle pattern

XAUUSD is forming symmetrical triangle pattern.
Trader should wait the confirmation whether XAUUSD will break the resistance or support.

Trader should look closely on the resistance and take long position with target price 2.040.

Alternatively, if gold breaks the trendline support, XAUUSD can go to 1888.

We will give some updates in the upcoming weeks!
Happy profit!

Trade active:

XAUUSD have false break in its support this morning and at the moment.

we should wait further if XAUUSD will break its resistance and continue to go reach 2040

Happy profit

Comment:

The ISM result was lower than the market expected bringing DXY down. Therefore, XAUUSD is getting good bullish sentiment.

Comment:

At the moment, XAUUSD price is in 1990.
Traders should see if XAUUSD will break this resistance area and continue raising its price above 2000.

Comment:

It breaks the pattern well.

Happy profit!