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.
Entry: Between 1277.00 to 1278.00
Time frame: 1H
Length of Trade: 1 day to 3 days
XM Broker: High Speculative Appetite
Oanda Broker: Medium Speculative Appetite (US only)
IG Broker: Low Speculative Appetite