phoenixTraders2020

Gold is stocked in a triangle pattern

TVC:GOLD   CFDs on Gold (US$ / OZ)
After breaking bullish channel (which was started from last week September) with a sharp bearish movement last week, price seems to shape a triangle that is between resistance zone on top and bullish trend on down. We don't see much difference between supply and demands that will guide us to wait till buyer or seller shown up with the stronger weight in market.

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