pixi
Short

Monthly continuation bearish triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
222 3 4
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
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Very nice chart, showing Bearish Wolfe wave from 2010.
IMO. Now backtested and down we go!
Cypher maybe??? Idea!
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