Gold is Trading in an Ascending Triangle

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By Deya Hroob




XAU/USD is trading in an ascending triangle. Although this kind of pattern is considered as a continuation pattern and although Gold is bullish but no one knows.

 You should not be obsessed with which direction the price goes, but you should be ready for movement in either directions.
As shown on the chart, it's a matter of time that Gold should decide on what direction it will take.
If we want to trade it safe, we shouldn't take any trades until a breakout happens. Until then just keep an eye on it.

 Trade Wise and Good Luck,

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