Symmetrical Triangle on XAU/USD @ D1

A symmetrical triangle showed on XAU/USD @ D1. The pattern follows a similar development on H4 timeframe, which failed to realize a trading opportunity. This symmetrical triangle offers a bullish breakout trading setup. The triangle's borders are marked with the yellow lines. The potential entry level is at the cyan line. The target level is at the green line. I will set my stop-loss to the lowest point of triangle's base.

Trade active:

Long trade triggered at 22:00 UTC on July 17 with entry = 1429.02, SL = 1381.32, TP = 1484.60 (subject to change).

Trade closed: target reached:

Take-profit of 1471.86 reached on August 5 at 22:06 UTC.