The price boat touches the upper triangle rib around 1340 price or less it will turn back to 1265 or more less
Comment:
I think most of those who are now encouraged to buy gold against the US dollar is the fact that they already bought gold when the price reached 1326 recently. They see that the only thread is to stimulate traders to buy gold. On the other hand, the US dollar is in recent highs and will not easily fall in the front of gold. In short this triangle will not penetrate its upper rib, but l the price of gold will fal to reach levels of loss
Comment:
Now the price will continue tell 1248 at least then it will return back above 1350
Trade closed manually:
Take 560 pip Profit then closed