Cangaceiro

XAUUSD in ascending triangle consolidation, will it breakout?

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
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.
Trade closed: target reached

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