Good Morning Traders
Here e short Analysis on the XAUUSD Chart.
Scenario 1 (More Likely)
If we see a Breaktout from the triangle over 1702
BUY to 1709 -> Normaly a ascending
triangle ends with a BUY so the chance of a break with BUY are likely by 75%
TP1:
Scenario 2:
If Breakout from Triangle Happens = Short to 1690
If it stays below 1690, further Short to 1682
TP1: "1690"
TP2: "1682"
RSI: 61
But careful with short -> Bad market and new Coronavirus cases all over the world.
Here e short Analysis on the XAUUSD Chart.
Scenario 1 (More Likely)
If we see a Breaktout from the triangle over 1702
BUY to 1709 -> Normaly a ascending
triangle ends with a BUY so the chance of a break with BUY are likely by 75%
TP1:
Scenario 2:
If Breakout from Triangle Happens = Short to 1690
If it stays below 1690, further Short to 1682
TP1: "1690"
TP2: "1682"
RSI: 61
But careful with short -> Bad market and new Coronavirus cases all over the world.