Monthly continuation bearish triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
223 3 5
Not available on trading view, but volume has increased with a breaking action of this triangle on september.
Here, the 1235/1240$ zone is a likely pullback for going short
First target 1180$, next 1050$
I'm waiting the monthly close before any trade. A close below 1240$, i will go short ;)
+1 Reply
for me it looks more like a descending triangle.. because of the flat bottom. But still both are bearish atm
Very nice chart, showing Bearish Wolfe wave from 2010.
IMO. Now backtested and down we go!
Cypher maybe??? Idea!
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