It has been quite a ride for 
GOLD the last year and a half, and it looks to continue. The last month or so, Gold has been in consolidation mode, but is now on the rise. We saw two peaks, one on July 17 and the other on Aug 2 (4H). Some might call this a double top, I do not. Price has broken the potential neck line, on its way up. On the daily we see a rising channel. I am expecting GOLD to keep consolidating, but approaching the AOI around 2477 with the help of a decling dollar. Again, RSI is above signal, on the rise. MACD moved into positive territory. Gold is as we know volatile, and can react abruptly to economic data, so be aware.
GOLD the last year and a half, and it looks to continue. The last month or so, Gold has been in consolidation mode, but is now on the rise. We saw two peaks, one on July 17 and the other on Aug 2 (4H). Some might call this a double top, I do not. Price has broken the potential neck line, on its way up. On the daily we see a rising channel. I am expecting GOLD to keep consolidating, but approaching the AOI around 2477 with the help of a decling dollar. Again, RSI is above signal, on the rise. MACD moved into positive territory. Gold is as we know volatile, and can react abruptly to economic data, so be aware. Trade closed: target reached
Price hit the target area.
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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.