XAUUSD in ascending triangle consolidation, will it breakout?
Ascending triangle possible breakout at resistance 1889
Ascending triangle Scenario 2:if support is broken to downtrend breakout zone strong support 1883 area
I will wait for further confirmation before taking any directions at this point.
I rather not trade in consolidation zone, I prefer to wait for a clear direction.
Gold overall is still bullish, these down moves are just retracements. I am hoping for a retracement on the 1860-30 and best case scenario 1815.
This chart is for education purposes only , this is not financial advice.
Ascending triangle Scenario 2:if support is broken to downtrend breakout zone strong support 1883 area
I will wait for further confirmation before taking any directions at this point.
I rather not trade in consolidation zone, I prefer to wait for a clear direction.
Gold overall is still bullish, these down moves are just retracements. I am hoping for a retracement on the 1860-30 and best case scenario 1815.
This chart is for education purposes only , this is not financial advice.
Trade closed: target reached