Gold ABC

Gold has been in consolidation within a symmetrical triangle on the intraday chart. Price can break up or down. This is considering a scenario of up.


1. Enter long - at break of triangle to upside = $1726

2. Stop - below prior swing low of triangle = $ 1710

3. Target - there would be 3 points

a. Prior horizontal resistance = $ 1745

b. Equal extension = $ 1773

c. 1.27 extensions = $ 1792

RR = 4+