Gold Spot / U.S. DollarUpdated XAUUSD Potential Breakout Pattern
On the higher time frames, it seems as though Gold is forming a symmetrical triangle. I have Buy Stops and Sell Stops ready for the anticipation of a breakout higher or lower. More than likely, we'll be seeing more upside for this pair
Note
Overall XAUUSD has the potential to reverse, as I see a possible head & shoulders pattern on the monthly time frame
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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.