Gold long or short - Triangle Pattern

Hello Traders!

On Gold we can now clearly see that we are in an indecision phase. This is why we can view on the daily this triangle pattern. We have this indecision phase because from a monthly chart we want to see gold doing some correction before price is continuing to go to the upside. But from a weekly perspective we already made some correctional moves.

From my point of view I see the bearish scenario as the most possible one. I rather expect a big drop in order to see that retracement which is expected on the monthly chart. Afterwards I would like to see Gold continuing with the strong bull trend.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.