Gold has been trading within an ascending triangle since late April, staying above the support line and the 50-day EMA. This is the fourth time Gold is testing the resistance line at $3440, and it will likely break soon. The breakout FOMO should push Gold to around $3720, IMO.
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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.