Gold prices have been moving sideways with
On the present chart, the yellow lines show the triangle itself. For those who want to bet on a bullish breakout, the cyan line, situated at 10% of the pattern’s width above the upper side of the triangle, offers an entry point. The green line, situated at the pattern’s width above the triangle, suggests a price level at which it would reasonable to lock in profit.
You can click on the image to see a
The chart was built using the ChannelPattern script. You can download a MetaTrader 4 chart template for this gold pattern. You can also trade it using the free Chart Pattern Helper EA.
If you have any questions or comments regarding this symmetrical triangle pattern on the chart of gold, please feel free to submit them via the form below.