TradingView
GoldmanBucks
Jan 10, 2015 12:50 AM

Gold broke the triangle Long

Gold/U.S. DollarFXCM

Description

The price broke and closed above the triangle and now we have a good technical opportunity towards previous highs for retesting them.

If the market can make a new higher high without a pullback scenario (=closing as a higher high) we can expect the retest of the next level around 1255. If this level cannot hold we can probably see more upside towards last years 1288 area.

Comments
LudmilaHanania
Nice work, I totally agree.
GoldmanBucks
Thank you. Mostly the charts are easy and less is more. The people are trying to dive too much into the depth to find treasures, while the pearl shells are on the beach.
GoldmanBucks
Target 2 hit.
GoldmanBucks
Target 1 hit.
More