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BeyondEdge
Oct 25, 2021 3:01 PM

XAUUSD Ongoing Correction - Expanding Triangle 

GOLD (US$/OZ)TVC

Description

Gold is forming a short-term expanding triangle.

As mentioned in the previous idea, price dropped further between the 1738 - 1717 highlighted before moving back up to current levels. I see it potentially going on to complete the wave structure above.

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Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.

Trust your own analysis.
Beyond Edge
Comments
FTE1995
how is that an expanding triangle?...the two trendlines literally dont connect any points lol...
BeyondEdge
@JamesEvison, Good spot, the chart was meant to be illustrated on W1. Thanks.

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