Gold is currently experiencing a strong upward trend in trading. Following a recent all-time high, the market started a correctional movement.
The price respected the strong support level at the 3000 psychological level, leading to a bullish wave that broke above a neckline of a cup and handle pattern acting as a local horizontal resistance.
This is expected to lead to further bullish movement, with the next target set at 3046.
The price respected the strong support level at the 3000 psychological level, leading to a bullish wave that broke above a neckline of a cup and handle pattern acting as a local horizontal resistance.
This is expected to lead to further bullish movement, with the next target set at 3046.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
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.