andrewlickley

GOLD continuation pattern

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After golds impulse move we have seen some consolidation, I noticed this triangle formation which has recently been broken and price is now coming for a retracement. I will be putting an order in near the 0.618 fib retracement @1500.50. TP @1520 where the 1.618 fib extension is and SL just below the 0.786 fib.
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