From TradingView · · 30s
Gold Breakout or Fade?
Gold tests 4141 inside triangle: breakout or fade?
In brief
Gold tests 4141 inside triangle: breakout or fade? Gold price broke short-term downtrend line at 4141 but remains in range with weak momentum. Originally reported by TradingView.
Gold tests 4141
Gold price broke short-term downtrend line at 4141 but remains in range with weak momentum.
Breakout scenario
Trigger: H1 close above 4142, then a retest that holds. Stop: below 4131. Targets: 4150, then 4160-4165.
Fade scenario
Trigger: wick above 4141-4145 that closes below 4141. Stop: 4151. Targets: 4126, then 4114.
What it means
Gold price broke short-term downtrend line at 4141 but remains in range with weak momentum.
