Gold is preparing to continue rising, which is hinted at by the symmetrical triangle formed on the uptrend. What's next?
The price forms a consolidation after the triangle breakout. That is, the pattern is testing resistance breakout. If the bulls hold the price above the triangle, we will see growth. The trend is upward, the metal is under the influence of positive fundamental futures, and therefore the market goes to 1959 for a strong retest of resistance.
I expect a successful breakout of triangle resistance, followed by a rise. My goals are as follows: short term target is 1940 resistance, medium term target is the 1959 liquidity zone.
Regards, R. Linda!
The price forms a consolidation after the triangle breakout. That is, the pattern is testing resistance breakout. If the bulls hold the price above the triangle, we will see growth. The trend is upward, the metal is under the influence of positive fundamental futures, and therefore the market goes to 1959 for a strong retest of resistance.
I expect a successful breakout of triangle resistance, followed by a rise. My goals are as follows: short term target is 1940 resistance, medium term target is the 1959 liquidity zone.
Regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.