Gold - 240 - Breaking the triangle
Trade Alert
Gold has finally exited the triangle, where it was trading in for the whole week. Certainly, it seems that Gold could be holding the path lower, at least in the short run. But in order to get comfortable with the further downside, we would like to see a break below the 1287 first.
We will change our view, if the price reverses sharply back up and gets above the Pivot (~1292).
Don't forget your SL.
Gold has finally exited the triangle, where it was trading in for the whole week. Certainly, it seems that Gold could be holding the path lower, at least in the short run. But in order to get comfortable with the further downside, we would like to see a break below the 1287 first.
We will change our view, if the price reverses sharply back up and gets above the Pivot (~1292).
Don't forget your SL.