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ProficientForex

Triangle Pattern - Probable uptrend up to the range of $ 2100.

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
ProficientForex  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis Wave Analysis Gold XAUUSD goldtrading goldusd goldanalysis xauusdupdates
8
2
chartpattern trendanalysis waveanalysis gold xauusd goldtrading goldusd goldanalysis xauusdupdates
Wave 3 has been completed within the range of USD 2075.14.In wave 4th, there is the scenario that wave 4, is a corrective wave is in the form of a triangle pattern. Currently, USD price of 1991.79 is at the end of Wave D, and once the price crosses this range there is a hope for an uptrend to the USD2100 range. We must note that to form the E wave of Triangle pattern,the price should not break the price level of  USD 1902

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