VasilyPonomarev
Long

ascending triangle on gold

FX:XAUUSD   Gold Spot / U.S. Dollar

hey traders,

though 1237 looks broken, for conservative trades as me more clues are needed.
for confirmation of a structure violation I am looking for a breakout of the resistance of an ascending triangle .
(don't be caught by a false breakout, and be patient!)

the initial targe is based on a pattern range,
the second is based on structure.

stop placement is a tricky thing here,
I would place it below 1234

good luck!

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Comment: violation
Comment: market is going up
wooooow
awesome ,thank u man
Reply
@Yassmmin, thanks!)
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Hey, thanks for your accurate posts. I'm in América, 9 hours after your post. Great Job... It worked like you said. Any suggestions for now? Thanks in avance...
Omar
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@Gansodj, hey, Omar! thank you! no as we see a clear violation, we have a bullish bias and looking left at structure to identify pivot points!
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OMG god how could I have never thought about that
thats ... thats ..... AMAZING!!
+1 Reply
@WasiRehman, ahhahaha, what a reaction, man! thank you:)
Reply
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