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GOLD (XAUUSD): Reversal from Key Resistance.
Gold Spot / U.S. Dollar
Long
GOLD (XAUUSD): Reversal from Key Resistance.
By NovaFX23
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Nov 27, 2024
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Nov 27, 2024
Gold is nearing a convergence zone defined by horizontal support and a descending trendline.
Furthermore, on the 1-hour chart, the price has formed an ascending triangle pattern and confirmed a breakout above the neckline.
I expect a pullback toward the 2678 level.
Chart Patterns
Support and Resistance
Trend Lines
NovaFX23
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