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Madtradex

GOLD !! BIGGER Sell setup forming for Gold

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Madtradex  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Triangle Trend Analysis Forex forextrading Gold shortsetup forexanalysis forexsignals
3
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chartpattern triangle trendanalysis forex forextrading gold shortsetup forexanalysis forexsignals
YO Traders,

Gold is forming a triangle pattern on the 4HR TF. Expecting the price to move upside to touch the trend line and then move towards the downward direction to break the triangle pattern. If the price breaks trend line at top and retest then we will see upward movement. But from the outlook it seems that gold is in a corrective pattern and hence will move downward. Lets wait and watch.

Thanks
Madtradex
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