GOLDTREND-NET

Gold in a triangle pattern

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been trading sideways in a triangle pattern on the 1-hour chart. A breakout to the upside may lead gold to test recent high at 1438-1440. Meanwhile, a breakdown to the downside may lead gold to test major support at 1382-1385.

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Comment: Breakdown of triangle to the downside

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