VasilyTrader

GOLD (XAUUSD): Your Trading Plan For Today🥇

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold dropped to a key horizontal support last week.
The price bounced from that and formed a rising triangle on 4H time frame.

The neckline of a triangle is based on an intraday horizontal resistance.
Its bullish violation (4H candle close above) can be a nice trigger to buy Gold with a confirmation.
A bullish continuation will be expected to 2037 then.

Alternatively, a bearish movement and a breakout of a green support may push the price lower.

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