fxmentorbd

Gold/U.S: Found Descending Triangles and Possible ABCD Pattern

FX:XAUUSD   Gold / U.S. Dollar
Gold/U.S create nice descending triangle . We wait for the breakout this triangle to take short or long positon. If its breaks down, we take short trade, and if breaks up then we take long trade. If its break down its possible to create ABCD pattern , where d point is 11.81.50 level, but its I think its also found support in 1185.30 level, where possible to market from this point. From D point we can think to take long position. Lets seee what's happen. Best of luck !!!
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