TradingView
FXShinobi
Nov 4, 2019 8:40 PM

GOLD H1 ANALYSIS - SYMMETRICAL TRIANGLE PATTERN 

GoldOANDA

Description

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: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: @Forexshinobi

ForexShinobi.
More