Mahtab_Tradia

XAUUSD Made a Triangle Pattern

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
We have a strong downtrend which is in the slow correction phase for now. Triangle pattern has been created which shows price can go to any direction but in my opinion, according to the downtrend, it is more likely to see a downside breakout and even if the triangle broken out to the upside, price may not rise more than 1840 which is a key reversal level and then drops. I’m still on the bearish side. What is your view about gold?
Trade closed: target reached

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