Gold has been in indisputable bullish trend overall. Last week was full of surprises. With fundamentally driven, it dropped until 3245 and stayed above it.
In weekly, I expect it to form a inverse head and shoulder pattern and continue its bullish trend.
On daily, as long as highlighted yellow support holds, gold should stay bullish. However, if this support is broken, we can foresee a change of trend in coming weeks.
In weekly, I expect it to form a inverse head and shoulder pattern and continue its bullish trend.
On daily, as long as highlighted yellow support holds, gold should stay bullish. However, if this support is broken, we can foresee a change of trend in coming weeks.
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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.