XAUUSD (WEEKLY)
Gold has a potential bullish movement following
Symmetrical triangles
which occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Less attractive to sellers
though they may be used to generate buyers basing on demand and supply, a little melting of gold is highly expected to get into the run way (check more fundamentals for update and upcoming events)
Symmetrical triangles
which occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Less attractive to sellers
though they may be used to generate buyers basing on demand and supply, a little melting of gold is highly expected to get into the run way (check more fundamentals for update and upcoming events)
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