Xauusd / Gold
XAUUSD and CURRENCYCOM:GOLD the descending triangle has been forming for the past couple days. with lower highs and lower lows in play - a clear display of a downtrend I will be entering this position based on price action. Before you enter wait for the volume to pick up on the breakout, then follow the entries but if the volumes dont increase on the breakout then leave it. Any questions ask in the commnetsTrade active
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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.