Gold : Asymmetric Triangle Formation
Gold : Asymmetric Triangle Formation and possible breakout to either side, one can wait for the breakout before initiating any trade in gold, Once the breakout is confirmed then you can make your move to one side.
Normally such type of chart formation false breakout also occurs so be-aware of the false breakout , it is always better you wait for the first breakout to fade out then make entry.
High chances are there of false breakout in the first place then the real breakout will happen. so be careful and don't lose money in hurry.
Someone rightly said:- Trading is about 80% waiting and 20% execution.
Normally such type of chart formation false breakout also occurs so be-aware of the false breakout , it is always better you wait for the first breakout to fade out then make entry.
High chances are there of false breakout in the first place then the real breakout will happen. so be careful and don't lose money in hurry.
Someone rightly said:- Trading is about 80% waiting and 20% execution.
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