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VasilyTrader

GOLD Trading Plan

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
VasilyTrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Metals Commodities Gold futures options ETF Technical Analysis Forex trading
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trendanalysis chartpattern waveanalysis metals commodities gold futures options etf technicalanalysis forex trading
snapshot

hey traders,

on a 1h chart on gold I see a clear formation of a descending triangle pattern and
currently I am waiting for a bearish breakout of its support to sell the market.

Initial target - 1403
Second target - 1392

Comment:
Very good drop to initial target level.
now lets see how it reacts on the falling resistance line
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