Gold is breaking out aggressively above the symmetrical triangle pattern, signaling a potential bullish continuation. If the price retests the breakout level and holds, we could see a significant move higher.
The 100 EMA is also providing strong dynamic support, further reinforcing the bullish sentiment. A sustained breakout above this range could target new highs in the coming sessions.
The 100 EMA is also providing strong dynamic support, further reinforcing the bullish sentiment. A sustained breakout above this range could target new highs in the coming sessions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.