Ascending triangle pattern is formed

8月7日

✏️Gold is consolidating in a triangle pattern. This is likely an ascending triangle pattern. We can wait for strong enough buying pressure to break the upper boundary to trigger the BUY strategy. Or wait for a reaction at the lower boundary of the triangle pattern to trigger the BUY. 3365 is broken to confirm a corrective downtrend towards 3333.

📉 Key Levels

• Buy trigger: Breakout of the upper triangle pattern 3385
  
• Buy trigger: Reaction of the buying candle at 3365
  
• Target 3419
  

• SELL Trigger Break and Retest bellow 3365
  

Leave your comments on the idea. I am happy to read your views.

8月7日

交易進行

Gold is almost ready to break the upper border of the triangle pattern.

8月8日

交易結束：目標達成

Price breaks the upper border of the triangle and retests the upper border, forming a standard breakout trading method.

8月10日

註釋