hey traders,
Gold is currently stuck within a contracting trading range.
The price sets lower highs and higher lows forming a classic symmetrical triangle.
For intraday trading, I would consider breakouts.
In case of a bullish violation of a falling trend line,
I will expect a continuation to 1750 resistance.
In case of a bearish violation of a rising trend line,
I will expect a drop to 1720 support.
I remain bearish biased but let's wait for the big players' decision.
Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.