GOLD/ XAUUSD - Triangle Pattern
Opportunity to buy & sell within the triangle pattern.
Since this is the higher timeframe chart;
- there is a possibility that the trend will break the support zone without going up.
- or it will drop from the significant resistant before reaching to the supply zone/ sell zone.
- if the price is going to downtrend for longterm, then there is a high possibility that it will touch-down at the sell zone's supply before it started to moving down.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Since this is the higher timeframe chart;
- there is a possibility that the trend will break the support zone without going up.
- or it will drop from the significant resistant before reaching to the supply zone/ sell zone.
- if the price is going to downtrend for longterm, then there is a high possibility that it will touch-down at the sell zone's supply before it started to moving down.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
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