Hey traders,
Looks like Gold is currently consolidating in a symmetrical triangle pattern.
Since I am bullish on the higher time frames, I am waiting for a breakout to the upside.
If price does break out to the upside there is some strong S/R in play around the 1515 area.
If price breaks down to the down side I would see no buying pressure until the blue trend line.
For now we have to be patient
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi.
Looks like Gold is currently consolidating in a symmetrical triangle pattern.
Since I am bullish on the higher time frames, I am waiting for a breakout to the upside.
If price does break out to the upside there is some strong S/R in play around the 1515 area.
If price breaks down to the down side I would see no buying pressure until the blue trend line.
For now we have to be patient
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi.
