After Escaping Symmetrical Triangle Gold Still Have 2 Options

After Escaping Symmetrical Triangle Gold Still Have 2 Options

Gold OANDA:XAUUSD


In our September 13 post, we highlighted gold price could move either up or down from the symmetrical triangle. During last week trading, gold finally “escaped” the triangle through the upper trendline. However, gold still have 2 possibilities – either to close well above swing high at 1974 to continue uptrend or breakdown swing low at 1903 and attempt to re-test August low. The other silent option will be for gold to continue ranging between these 2 swings until a major news provide a clue on the direction…

N.B
– Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

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