GOLD H1 ANALYSIS - SYMMETRICAL TRIANGLE PATTERN

Hey traders,

Looks like Gold is currently consolidating in a symmetrical triangle pattern.

Since I am bullish on the higher time frames, I am waiting for a breakout to the upside.

If price does break out to the upside there is some strong S/R in play around the 1515 area.

If price breaks down to the down side I would see no buying pressure until the blue trend line.

For now we have to be patient


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