GOLD (#XAUUSD): Your Trading Plan For Today Gold dropped to | VasilyTrader (Free Forex Signals)
GOLD (#XAUUSD): Your Trading Plan For Today
Gold dropped to a key horizontal support last week. The price bounced from that and formed a rising triangle on 4H time frame.
The neckline of a triangle is based on an intraday horizontal resistance. Its bullish violation (4H candle close above) can be a nice trigger to buy Gold with a confirmation. A bullish continuation will be expected to 2037 then.
Alternatively, a bearish movement and a breakout of a green support may push the price lower. - - - - - - - - - Watch Detailed Video Analysis on Gold