Gold ascending triangle
Updated
Gold forming ascending triangle pattern from weekly and also monthly perspective. Market is creating higher lows and currently being in a choppy consolidation. However 1300 proved to be strong support zone where buyers were really strong last time the zone was tested. If 1300 demand zone will hold and monthly triangle would get completed and price break above 1400, the best time to jump onboard in now. Currently we are in a pullback which might be good buying opportunity betting on bull trend continuation offering high Risk reward ratio trade.
Entry: 1330
SL: 1297
PT: 1400-1500
Entry: 1330
SL: 1297
PT: 1400-1500
Note
Describe your update...
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.