AndriyMoraru
Long

Symmetrical Triangle on Gold @ D1

FX:XAUUSD   Gold Spot / U.S. Dollar
The symmetrical triangle pattern on D1 chart of XAU/USD             offers an opportunity for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).

More information, and an MT4 chart template can be found on http://www.earnforex.com/commodities/what-to-do-when-gold-breaks-to-upside-from-symmetric-triangle/
Trade active: Entered breakout long trade at $1,255.44 at 15:23 yesterday.
Trade closed: stop reached: Stop-loss hit on March 10 at 13:00 GMT.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.
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