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Gold Spot / U.S. Dollar

Possible gold price actions after breakout from the triangle

By mytrade1602
Updated
Possible gold price actions after breakout from the triangle. Let's see what will happen.
Comment
Looks like a ABCD pattern to 1216~1218(0.5 Fib), will short from there.
Comment
TP1 1208. TP2 1200 might not get there today. Long from 1208 to 1218, then short from there again. If the price goes up to 1218,continue to short.
Comment
TP1 1213, TP2 1208.
Comment
See the strength of bear, stay with the original plan. TP1 1208, TP2 1200
Trade closed manually
mytrade1602

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