Kfxtraders

whihch way could gold go? Bearish with the help of NFP?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
From what i can see on the chart, gold has formed a triangle pattern and has consolidated since 30th sept. a break either side could be huge with the help from the upcoming NFP. price needs to drop below $1750 to reach the next support area at around $1740, further more, a stronger support line would be as low as $1721. If price was to break above $1771 then my first support area would be around $1777. These are just my ideas. Any feedback is more than welcome! Thankyou
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.