VasilyPonomarev
Short

GOLD Within Ascending Triangle! What to do???

OANDA:XAUUSD   Gold Spot / U.S. Dollar

hey traders,

though many traders started buying gold this Friday
we should remember that technically the market is still trading within the ascending triangle formation.
Chances are still high that the solid resistance of the triangle will be respected and consolidation will continue.

So if you are looking for a true signal, better to wait for a confirmed breakout and only then act accordingly.
Pay close attention to the 1518-1520 range and remember that currently, it is a resort for sellers.

good luck and please, support the idea with like!


Nov 04
Comment: Looks like the market has respected a structure
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solid analysis vasily!
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i like this
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thanks very much; well thought out!
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yes agree pin bar on daily + resistance by ichimoukou clouds senkou span A a down is fortly forcated
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Share your thoughts/ideas/question here!
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harry3033 VasilyPonomarev
@VasilyPonomarev,

What are your thoughts on usa30 please
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VasilyPonomarev VasilyPonomarev
Oh, I am out of town at the moment ! I will check it on Monday
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mhparsa VasilyPonomarev
@VasilyPonomarev,
Agree. We faced strong sells on Friday. it was a very interesting day with it's high volatility that I think made by MMs and they are in position now!
Thanks for sharing.
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tradernum1 mhparsa
@mhparsa, hi , can u plz tell me whats the meaning of MM ?
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mhparsa tradernum1
@tradernum1, Hi. Market Makers. Smart Money owners... in other word big capital owners that mainly their actions make price trends ;)
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