at this moment gold price has a trap inside the triangle, however seems buyer doesn't strong enough as it might be need some liquidity to continuing gearing up the price into next zones at 1480. In addition the bullish trend line has been touched second times and would need very clear to buyer to have another touch as Higher High to placing the trade. Bear in mind to see the confluences before you take the trade with the risk management. As usually i always drawed my charts very simple as simply to get clear of the confluences.
Noted : I don't believe the accurate but i do believe the consistency trader.
Cheers
Ochin_FX
Noted : I don't believe the accurate but i do believe the consistency trader.
Cheers
Ochin_FX