Gold seems to be morphing into a big triangle. i will be looking for longs above is, but so far, im still passiv here. if anything im looking for a short at the upper line currently. we had a ugly cypher that has somewhat been confirmed by the break of the trendline. if we can make new lows now, then i will be looking to sell.
Note
Note
momentum long spike completed the flag. if we can now reverse from there i will be looking to short. if we however go higher from here then i guess the setup is terminated for the moment anywayNote
last setup didnt happenbut this might be another chance to get in, if we can break it.
Trade active
pulling my stops already a bit tighter, dont wanna see the market bounce all the way backTrade closed: target reached
TG1 hit, stops to breakeven. TG2 is a near retest of the lower triangle line
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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.