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XAUUSD Bullish Triangle H1

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Forex48_TradingAcademy  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Fundamental Analysis Forex Gold signals forex48 strategy education priceaction LONG
4
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trendanalysis indicator fundamental forex gold signals forex48 strategy education priceaction long
XAUUSD presents a bearish triangle with two possible scenarios. Currently, the price is in the 2018 supply zone after a false break of the trendline. The objective will be to wait for a confirmation of a breakout either to the downside or to the upside of the triangle. The upside breakout seems to be more likely given the negative sentiment towards the dollar and the positive weekly prospects for the euro. I recall the data on the dollar this week.

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Happy trading to everyone.

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