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CipherCharts

XAUUSD: Bullish Shift

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
CipherCharts  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators goldlong goldtradingstrategy xauusdlong xauusdsignal Forex forexsignals
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trendanalysis chartpattern indicator goldlong goldtradingstrategy xauusdlong xauusdsignal forex forexsignals
XAUUSD is printing a Symmetrical Triangle Pattern with no signs of divergence on the RSI. Breakout of the Triangle Pattern will result in a bullish shift.

A safe Entry is suggested on the previous Higher Low to avoid a false breakout, with stop loss on the previous low. TP levels are suggested with RRR of 1:1 and 1:2.

Happy Trading!
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