Gold - within triangle - buy on 1H - entry at 1390 $

Market price holds well above 1400 since start of the new trading week but I expect a soon down movement correction and with that a new chance for big buyers to come into the market. Once a daily candle close above the triangle trend line and 1412 $ resistance line we can expect really fast up movement to 1500 $ - 1550 $.

RSI and MACD are both near support line on 1H chart but have still space to correct downways.

In most of the cases is a triangle formation like this after a strong up movement followed by another strong up movement with take profit at drawn sell area.

トレード終了: 利益確定目標に到達:

Tp1 reached within 1 day - hold for more profits in long term