Fractal777
Long

Golden Blast Off!

TVC:GOLD   CFDs on Gold (US$ / OZ)
300 views
13
Thank you for taking the time to read my idea, your support is appreciated by a thumbs up.

Gold has not disappointed the bulls the past week or so.
Some believe they have missed out and hold off buying...this is a fallacy in bull markets.

We clearly have an ascending triangle building and this pattern is powder keg.
It's a continuation pattern of high degree probability of a further spike.
You can wait for the breakout which can be very swift or an entry inside the compression.

This setup is as good as it gets in trading as we witness the tussle of pressure.
Silver is also very bullish and I call for a thrust in my other idea.

Have a great weekend!

Comments

Thank you brotha. You too.🙃
+1 Reply
Ascending triangles like this usually end up breaking downwards though. It all depends on the break out of structure.
Reply
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