Following strong buying momentum observed yesterday, gold is currently consolidating within a falling wedge pattern — a typically bullish setup. A breakout from this pattern could trigger a fresh upward move in the price of gold.
Post-Breakout Bullish Targets:
Target 1: 3230
Target 2: 3240
Target 3: 3250
Target 4: 3275
Disclaimer: This is a technical analysis-based outlook. Please assess your risk-to-reward ratio and follow your individual trading strategy. This is not financial advice — trade responsibly and according to your plan.
Post-Breakout Bullish Targets:
Target 1: 3230
Target 2: 3240
Target 3: 3250
Target 4: 3275
Disclaimer: This is a technical analysis-based outlook. Please assess your risk-to-reward ratio and follow your individual trading strategy. This is not financial advice — trade responsibly and according to your plan.
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.
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.