melikatrader94

GOLD → A descending triangle

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys...

as you can see, gold made a descending triangle and broke it up!

so we can expect an upward movement after a retracement!

the target would be as same as the last high!

target= $2447

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Comment:
the reaction to the blue area was great!
Comment:
in the long time frame, we can see gold broke the channel twice!


it is on the ascending channel

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