MichaelKhlestunov

GOLD: buy signal #traingle

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
A triangle has been forming on gold for the last three days. every day the range is narrower and narrower. I suppose that today, at the speech of FRS Chairman Jerome Powell in front of the House of Representatives, we will see a way out of this triangle (I am thinking that it will go up))) but I'm not sure until the end)))))

$ 1777 - buy signal
$ 1800 - target 1 (securing you local level + psychological level)
$ 1820 - target 2

If you like my idea, please like and write your opinion in the comments
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.