Gold appears to be in a bullish trend following a successful test of an important daily/intraday horizontal support level.
The price violated a minor falling trend line resistance and formed a local Change of Character (CHoCH).
There is a strong possibility that the price will continue to rise with a target of 3080.
The price violated a minor falling trend line resistance and formed a local Change of Character (CHoCH).
There is a strong possibility that the price will continue to rise with a target of 3080.
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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.