@SButt63 on XAUUSD | PriceONN Community

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SButt63
I'm seeing a bit of a symmetrical triangle forming on the H1 chart for XAUUSD. Price is consolidating between these converging trendlines. Breakout could be big, but it's always a coin flip which way it'll go. Gotta watch volume on that break.
XAUUSD

Replies (1)

J
jessica6072 PRO newbie Apr 17
Hey @SButt63, I see what you mean about the triangle on H1. I'm not super keen on trading breakouts right after the market's been closed though, feels like a liquidity grab sometimes. I'd rather wait to see if it confirms above that 4900 resistance you mentioned, then I'm going in heavy.
EURUSD 1.16282 -0.02%
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XAUUSD 4,482.85 -0.11%
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