Gold-Tech

GOLD 29.10. The price is supposedly preparing to rise

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Local timeframe. 29 November.
1) Gold is in the range and is not going to fall yet
2) The fifth Elliott wave is forming (presumably).
3) Price is forming a Triangle pattern in an uptrend. I think the growth will continue
4) I expect that from triangle resistance the price may fall to support, as above 1755 is a heavy zone due to volume
5) A breakdown of 1755-1760 could form a strong momentum towards 1784-1820

Long:
1) When triangle resistance (or 1758-1765 resistance zone ) is broken
2) When triangle support is tested (1740-1744 zone).

Sell only when triangle support is broken through. The target in this case will be zone 1712

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