Wich side will gold breakout?

Last week gold formed a posible Symmetrical Triangle or descending triangle. Keeps respecting the resistance trendline and support trendline/zone. We can expect a breakout from both sides. But need to be aware off potential fakeouts. Wait for confirmation break on either sides and enter the trade.

Upcoming week we have Fed Interest Rate deciscion on 20th March.

Resistance: 2163, 2176
Support: 2150, 2140, 2132

Yorum:

Good breakdown for gold. Priceaction entree is key