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Gold Price-Triangle Breakout Targets are 1310 and 1340

Gold Price-Triangle Breakout Targets are 1310 and 1340

2016-04-19 18:55:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Price-Triangle Breakout Targets are 1310 and 1340

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Bigger picture, gold completed a diagonal pattern (wedge) the week of February 12th. The objective from the pattern is the origin of the diagonal, which is 1392. 1307 is a good candidate for failure however.” Near term, strength above 1263 would complete a triangle with targets at 1310 and 1342.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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