CFDs on Gold (US$ / OZ)
Long

GOLD (XAUUSD): Pullback From Key Level

321
Gold is approaching a convergence point with a horizontal support level and a falling trend line.

Additionally, the price formed an ascending triangle pattern on the 1-hour time frame and has broken above its neckline to confirm this.

I anticipate a retracement to the level of 2678

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.