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UncleJingles
Jul 17, 2019 8:19 AM

Bull triangel forming: breakout coming? Long

Gold/U.S. DollarFXCM

Description

Volatility down to breakout levels and daily chart is forming a bull triangle with minor support at 1400 and major zone at 1480-1460. The trend is still strong with MA20 & MA50 clearly pointing to higher highs. Now, looking for volume to drive the price through previous high which is a critical resistance level before the price start the climb ming for target 1.

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A bullish shooting star is forming on 4h. If we rhyme with previous patterns the only thing we miss is some volume to break up.

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Played out nicely
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