Gold reached a significant horizontal support last week, forming an inverted head and shoulders pattern, which led to a bounce that broke through a strong downward trend line.
This indicates buyer strength, suggesting the market may continue to rise, with the next target set at 3382.
This indicates buyer strength, suggesting the market may continue to rise, with the next target set at 3382.
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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.