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Faibik
Aug 4, 2020 2:21 AM

GOLD | Ascending Triangle formation..!! Long

Gold/U.S. DollarFXCM

Description

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