The price in the extending triangle

So, price of gold drew a figure the extending triangle. I expect breakdown it up. I consider that bulls should not worry as any of Fibonacci's levels is not executed. It is very probable that the movement will continue for a start to the top line of a downside channel on the day chart up soon. Fibonacci's purposes: 0.382 - 1895; 0.5 - 1928. Therefore I hold the long position.


Information provided is only educational and should not be used to take action in the market.
GoldgoldlongTechnical IndicatorsTrend AnalysisXAUUSDxauusdlong

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