TradingView
Xemaphore
May 11, 2020 7:01 PM

XAUUSD ; still bullish in Triangle  Education

Gold/US DollarSaxo

Description

despite the downside pressure in today's daily session, Gold still keeps it's strong position in the Triangle pattern.
Pay attention to 60-Min chart; a triple bottom in the trend-line upwards can be observed.

A breakout above 1720 - 1725 should indicate a new bullish trend here and likewise, a breakdown below 1690 - 1685 is expected to indicate further consolidation.
More