XAU/USD Descending Triangle at Resistance

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

There is a descending triangle at the resistance that just broke. Waiting for a pull back to go short and for my MA's to cross on the 15 minute. What do you guys think?

Comment:

So this analysis was all wrong lol. What I thought was a descending triangle really ended up being a bullish flag pattern and price shot up. I got in at 1751.82 and out at 1757.11. Used a mini lot .8. Not too bad. I got out because if you look to your left back in March 17th price got to that area and went back down.. waiting to see what it does so i can get in again.

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