Hi all traders,
Im currently viewing gold as a possible descending triangle.
If the support is broken, we should see further downside of gold.
Any break of the trend line will only signal a possibility of a range bound gold first. I wouldn't assume the break of trend line would be the bulls taking over and making higher highs.
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**Disclaimer: all trade ideas are of my own personal views.**
Cheers and thank you everyone!
Im currently viewing gold as a possible descending triangle.
If the support is broken, we should see further downside of gold.
Any break of the trend line will only signal a possibility of a range bound gold first. I wouldn't assume the break of trend line would be the bulls taking over and making higher highs.
Follow me on tradingview
Like and share this post with your friends
**Disclaimer: all trade ideas are of my own personal views.**
Cheers and thank you everyone!