VasilyTrader

GOLD Within Ascending Triangle! What to do???

Short
VasilyTrader Updated   
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!


Comment:
Looks like the market has respected a structure

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