XAUUSD Is trading a symmetrical triangle on its daily chart
currently price is squeezing between 1853.943 and 1753.070 on its mid range 1798.000
symmetrical triangles are only valid when prices closes above below breakout levels
also on a daily chart we can see a geometric pattern diamond, diamonds pattern can be found in topsbottoms or in a mid trend,
i like to see a breakout of top or bottom so i can set my sl entry and targets point
currently price is squeezing between 1853.943 and 1753.070 on its mid range 1798.000
symmetrical triangles are only valid when prices closes above below breakout levels
also on a daily chart we can see a geometric pattern diamond, diamonds pattern can be found in topsbottoms or in a mid trend,
i like to see a breakout of top or bottom so i can set my sl entry and targets point
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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.