There has been upward pressure maintaining the gold price within a range rather than trading down with good economic data and stronger USD. If there are signs that things are not as good as they seem, gold will likely break out of this range, and the current bull flag/wedge seen here could be a potential break upwards point.
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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.