FX:XAUUSD   Gold Spot / U.S. Dollar
Hi friends. On a bigger time frame, we can see gold, on a weekly timeframe placing itself in an ascending triangle pattern. Usually this is a very bullish pattern if it breakes above. Price is now at a confluence of support zone and a trend line. An interesting thing we can see on RSI (marked by me with small white lines) a lot of times when it touched the level of 43 price went up . Now, is in that area again, third time consecutively. For now this market hasn't decided where to go. Patience is the key for a good trade and money. Any break of that area, where the price the price is staying for the last 3 weeks is a good opportunity.
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