GOLD Triangle Structure

Trade Background:

Gold is currently forming a triangle structure. A buy position may be wise at this point considering that the global market is approaching correction territory. In which, if the market continue its move lower, it will most likely give gold a bullish push. 

Trade Idea: 

Entry: Between 1277.00 to 1278.00 
Stop: 1279.00 
Exit: 1284.00 

Positioning: Buy 
Time frame: 1H 
Length of Trade: 1 day to 3 days 

Trade Positioning:

XM Broker: High Speculative Appetite

Oanda Broker: Medium Speculative Appetite (US only)

IG Broker: Low Speculative Appetite

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