This chart shows that gold has been moving sideways and forming a triangle. The market is waiting for a breakout. The chart suggests it might break down toward 3,120, based on technical indicators like Fibonacci and Supertrend. However, traders would need confirmation before acting, such as a break below 3,197.
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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.