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Breakout from a triangle pattern indicates a potential direction

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#XAUUSD XAUUSD GOLD

From a trend perspective, gold is currently in a triangle consolidation range. As time goes on, the short-term resistance is also moving downwards. Therefore, gold did not provide us with a suitable opportunity to participate in trading last night. Gold is currently continuing its decline and may further test the 4025-4015 support level. If it pulls back to this level, we can consider a small long position in gold.
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#XAUUSD

Gold prices rose again in the short term due to news. If the rebound continues in the NY session, the market may retest the triangle boundary resistance of 4080-4090. If the first rebound encounters resistance at this level, shorting gold may be considered.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.