pivot point: 1870.00

Preferred scenario: Long positions above 1870.00, targeting 1870.00 levels

Alternative scenario: Short positions below 1870.00, targeting levels 1766.30-1745.25

Commentary: As we can see on the daily frame of gold, the price has moved in an upward direction since late 2018, breaking many highs and resistance levels, and the price was able to rise from the pivot level 1870.00 to move in a symmetrical triangle. /> If we look closely at past price models, we find that gold often forms the falling wedge pattern (twice in 2019) and the symmetrical triangle pattern (twice in 2020) and every time a strong rise occurs after them
After forming this symmetrical triangle, it is expected that the price will penetrate the triangle upwards and complete the ascending process to the last high, which the price reached at 1870.00