Faibik
Long

GOLD | Ascending Triangle formation..!!

FX:XAUUSD   Gold Spot / U.S. Dollar
#XAUUSD (Update)


Forming Ascending Triangle Chart Pattern in 4h Timeframe. ( Bullish Pattern )

At the Moment, Gold Facing Strong Horizontal Resistance (1978) & On the Verge of Breakout.

Upside Breakout Expected So Wait for Breakout & Retest.

In Case of Upside Breakout, Target Will be Around 2005 (New All Time High) & If Trendline Broken (Triangle Broken Downside), It Might test the 1930 & 1950 (Support Areas)



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Comments

we had same thoughts
+1 Reply
Faibik Yuriy_Bishko
@Yuriy_Bishko, Yeah, I totally Agreed With You
Reply
Faibik Yuriy_Bishko
@Yuriy_Bishko, Thanks for Sharing here
Reply
Spot on...your analysis. Thank you.
Reply
well done mate. here is my view.
Reply
Perfect Analysis I was thinking the exact same. 🙌🏽
Reply
Faibik JakeTauelangi
@JakeTauelangi thanks for appreciation and support
Reply
Awesome stuff💯
Reply
Faibik KKMNENE
@KKMNENE thank you
Reply
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