SantanderCapital

XAU/USD Symmetrical Triangle

FX:XAUUSD   Gold/U.S. Dollar
177 2 3
Chart: Daily Time Frame
Market: Bullish Trend

Bullish Indicators:

1. Symmetrical Triangle
2. Higher lows & lower highs (red circles)
3. Price ranging key weekly/daily support level @ 1220 zone

Bearish Indicator

1. High test candle (21/4/2016 candle) found at triangle resistance


Price is consolidating between 1216 and 1270. We're expecting an upside break to reach 1294,
however we need a bullish candlestick pattern or a break of the upper triangle resistance level
before a position can be entered.

Note: On the sidelines until a signal is confirmed.

Agree/Disagree? Comment below.
No7855
7 months ago
no
Reply
SantanderCapital No7855
7 months ago
Elaborate?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out