Gold is currently forming a bullish flag correction after a strong impulsive rally. Price action is nearing the upper trendline resistance of the flag pattern. Watch for a potential reversal back to the lower trendline or a breakout continuation to the upside. However, a break below the lower trendline may trigger a deeper correction toward the 2772 key zone
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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.