GOLD - Ascending triangle pattern criteria met

TVC:GOLD   CFDs on Gold (US$ / OZ)
1. Prior trend ( BULLISH )
2. At least 2 reaction highs (CONFIRMED)
3. At least 2 reaction lows (CONFIRMED)
4. Contracting volume throughout patterns formation (CONFIRMED)

Resistance of pattern @ 1510 needs to be broken to confirm
can this be considered a bearish scenario or should be look for a backtest..
Excellent analysis. Bullish breakout is most likely, but if it breaks through support line - then its bearish. It’s important to keep an eye on key levels and to avoid false breakouts.

Scalpers can use this for scalping.
+1 Reply
great chart..
Great trade ! thunk you for sharing !
but what is the Target ?
@bentahi1, you need to calculate that yourself
salvanost bentahi1
@bentahi1, use fib from 1509 to 1492 you will see the target
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