XAUUSD Triangle formation

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD             has been every bullish lately, and there is a possibility that this pair might head lower to have a breather. Currently we can see the pair forming a triangle pattern which indicates a breakout to any direction. I'm personally going to play this pair safe and wait to see what happens next. Happy trading!
Comment: Looks like gold is going to head lower. I'm going to wait for the retracement back up into my kill zone before selling it.

pretty much played out like you stated :)
+1 Reply
Looks good!
+1 Reply
AlexxChan franciskim
thank you!
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