the daily chartist

Gold seeks direction

published 3 years ago
XAU/USD M30

 Gold has traded a small Bullish triangle on the M30 chart (yellow lines) and has reached a top of 1265.693 (blue supply zone). Now it is falling since and has reached the bottom line of the ascending channel. Before that, we had a slight correction, but the price has moved under the triangle figure line as well (if we assume it was a test. If USD strength continues to poise the markets today we may see another landing on the bottom line and a breach for a free fall.