With the gold price developing a consolidation pattern at the high level .
There is a chance to break through the previous high (1611) .
Just one shot.
Buy : 1604.00
Stop : 1587.80
Target 1 : 1613.52
Target 2 : 1621.16
Target 3 : 1637.42
#Potential trading opportunities#
After breaking through the triangle, there is an opportunity to go short.
Now just wait and see if the market breaks down.
However, the first breakthrough is not possible to sell.
You need to wait for the second breakthrough.
TARGET 1:Descending channel