Gold continues its upward trend. On the daily, weekly, and monthly charts, the price remains within the trend structure.
On the hourly chart, a strong consolidation pattern has formed. I expect a breakout to the upside toward previous highs, with potential for a new all-time high and a move toward the $4,000/oz zone.
I'm going long at the current level.
Stop-loss is placed below yesterday's low.
Waiting for the rally!
On the hourly chart, a strong consolidation pattern has formed. I expect a breakout to the upside toward previous highs, with potential for a new all-time high and a move toward the $4,000/oz zone.
I'm going long at the current level.
Stop-loss is placed below yesterday's low.
Waiting for the rally!
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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.