Despite the RSI on the Monthly indicating gold being in over-bought territory, the daily chart on Gold is forming a bull flag pattern. The measured move up and target price for Gold if it breaks out of the $3400 area is $3900/oz.
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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.