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Gold Futures
Long

Buy Gold: GC1! looking for ascending triangle breakout

55
What do you buy when markets are burning all around you? Not crypto, good old fashion GOLD. GC1! is trading in a long-term ascending triangle formation with top line resistance at $1360. At the minimum, it is +2% topside and you can place a stop around the $1300 level for a 2:1 risk/reward and get some optionality in case gold does break upwards.
WellTrainedMonkey
Also on:
Ascending TrianglebreakoutChart PatternsGC1! (Gold Futures)GoldHarmonic PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ascending TrianglebreakoutChart PatternsGC1! (Gold Futures)GoldHarmonic PatternsTrend Analysis
WellTrainedMonkey
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.