GOLD: RANGING ROVER 🧙♂️
There is something pleasing about perfect rectangles, isn't there? Well, that's what gold been looking like recently. There has been one fakeout (fake breakout) that gave significant hopes to the bears but didn't manage to close below the range. What's next? Well, let's assume that this rectangle holds for one more round, why not? Since we're already almost at the bottom, let's aim for the upper boundary with a tight stop loss. Good luck, my friends!
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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.