This symmetrical triangle consolidation after a strong bearish wave on the daily chart of XAU/USD offers a breakout trade opportunity. The pattern's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My target is shown with the green line. I will set my stop-loss to the high of the breakout bar (not shown on the chart).
Short trade entered on 2017-12-05 at 14:06 UTC with entry = 1269.37, SL = 1289.32 TP = 1219.68 (subject to updates).
SL reached on December 28 at 2:48 UTC.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.