Gold Spot / U.S. Dollar

Two Triangles and movements

Updated

Let's see how the two triangles breakout.

Comment

This might be a false breakout for up movement. Let's wait for 1 more hour to see if it goes below 1224 or not. U.S. Session usually sells the gold, so I would expect a down breakout and then up.

Comment

Short to 1220 and long to 1232.

Comment

Stick to the up breakout route. Short from 1233/1234 to 1220

Comment

Short now from 1330/1331, it might not make a new high for a while

Comment

Short to 1224/1225 then there might be another up to 1329/1330, short from there again. Or Keep your shorts to 1220.

Trade closed: target reached

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