a triangle is clearly outlined in XAUUSD
, however it is unclear at this stage where it will resolve. Breakout opportunities will come about breaking 1310 to the upside, or 1277 to the downside. better opportunities will come to proactive traders within the triangle. short side is favoured as a fifth wave down is still expected in XAUUSD
, and the fourth wave is a triangle. this triangle could be wave B of an ABC
leg of the triangle to the downside.