Suyash-Kumar

Gold long idea - Triangle breakout

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been consolidating within the green triangle since August 2020. A 20% correction and a near 2 year consolidation might be ending soon if price manages to break up. CPI reading tomorrow could be a trigger.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.