This chart should really not need any description!

FX:XAUUSD   Gold Spot / U.S. Dollar
159 0 4
We might see some correction of the strong daily upward movement now and then, and rememver every trend moves in smaller swings.

As long as we stay within the ascending triangle I am long on this instrument with an s/l around 1245.

We're quite close to the end of the triangle, so a breakout should perhaps happen quite soon (perhaps next Monday).

There is of course a good setup to go short as well if we have a breakout the other way against typical ascending triangles.

Let me know if you've any thoughts:)

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