Gold - descending triangle

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi all traders,

Im currently viewing gold as a possible descending triangle .

If the support is broken, we should see further downside of gold .

Any break of the trend line will only signal a possibility of a range bound gold first. I wouldn't assume the break of trend line would be the bulls taking over and making higher highs.

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**Disclaimer: all trade ideas are of my own personal views.**

Cheers and thank you everyone!


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