GOLD is in a triangle the best option is to open entry when the price will break it out. On this chart, I showed bullish scenario because I think Gold has a big opportunity to move up till $1306.
Don't hurry to open buy or sell because when the price in a triangle there is no entry till it will break it.
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Price still in triangle
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Price broke down triangle If 1hour candle will close under it - that will be sell signal
One thing i hate about some triangle patterns, can breakout either way. trick i use is putting buy orders for both directions, trick here is positioning the orders at breakout points.
Yuriy_Bishko
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@Dani0, i open position after break and fix under or above