After a period of steady growth, ⚠️GOLD has paused its upward momentum and is now consolidating.
This consolidation is forming a horizontal range pattern on the 1-hour chart, with the upper boundary currently being tested.
I am confident that if there is a bullish breakout, indicated by a 1-hour candle closing above 2930, it will lead to a continuation of the upward trend.
This could potentially result in a move to 2950 and possibly even a test of the all-time high.
This consolidation is forming a horizontal range pattern on the 1-hour chart, with the upper boundary currently being tested.
I am confident that if there is a bullish breakout, indicated by a 1-hour candle closing above 2930, it will lead to a continuation of the upward trend.
This could potentially result in a move to 2950 and possibly even a test of the all-time high.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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For paid signal👇👇 t.me/linofx1999
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.