the_paradox

Range bound at the top of symmetric triangle

Short
the_paradox Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The gold is moving in a range at the top of the symmetric triangle in 4 hour time frame.

At 1hour time frame, there is a Double top pattern, wait for the neckline breakout, once the neckline breaks the sell will be bit aggressive till the support of the 4H triangle.

On the counter part there can be a symmetric triangle breakout, if the symmetric triangle breaks downside big sell can expect and if breaks up buys will be dominant.
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Trade closed: target reached

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