GOLD/USD (XAU/USD) 1 D Analysis: A Potential Breakout ?
The price was moving upward, indicating a bullish trend after breaking previous structures.
Then, a change of character (CHoCH) occurred, signaling a potential shift in price action.
Following this, the price formed an ascending triangle pattern, suggesting a period of liquidity accumulation. This accumulation might lead to a potential breakout and further upward movement.
NOTE - We may be 100% wrong . It's not a buy/sell recommendation, just for educational purpose only!
(Liquidity is denoted by $)
Then, a change of character (CHoCH) occurred, signaling a potential shift in price action.
Following this, the price formed an ascending triangle pattern, suggesting a period of liquidity accumulation. This accumulation might lead to a potential breakout and further upward movement.
NOTE - We may be 100% wrong . It's not a buy/sell recommendation, just for educational purpose only!
(Liquidity is denoted by $)
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