VasilyPonomarev
Short

GOLD: Complete Indecision

OANDA:XAUUSD   Gold Spot / U.S. Dollar

hey traders,

although I have an active selling position on  gold  ,
many traders hesitate to enter right now and don't know what to do.

Indeed for quite a long time  gold  is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.

Breakout of it will be a good trigger and you can base your trading plan on that.

symmetrical triangle can be broken to both sides,
however, my suggestion is to trade only in case of  bearish  breakout,
because a profit potential for  bullish  breakout is quite limited.
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Nice technical analysis but everyone is waiting for a catalyst to drive the gold market like an equity sell off. Should be focusing on that to determine where gold goes! US indices are encountering resistance going up any higher and little if any dry powder is left to drive it higher. Good luck everyone!🤓
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Gold goes up to ruin ur plan and goes up to1530 and comes down to 1410 we'll see.
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Could you tell me about SL and TP?
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Share your ideas on GOLD here
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