the price of gold has finally broken out of a long standing symmetrical triangle and an established 2 touch point trendline. It is currently consolidating above the broken trendline. If a 4H candle closes above the red dotted trend line we could see a massive pump up. If price closes below green upwards trendline then strategy is invalidated and reassessment needed. This is a long hold trade idea
Trade closed: stop reached
Price has crossed below safety line and stop was hit Disclaimer
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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.