Gold broke the triangle and the small consolidation. I expect next week to reach the top of the bigger consolidation at 1965, where the weekly pivot point is.
If we look daily time frame, we can see that this pair make more consecutive bullish candles, which is sign of bullish momentum. There is still a possibility to go down until breakout of 1965 level.
If we look daily time frame, we can see that this pair make more consecutive bullish candles, which is sign of bullish momentum. There is still a possibility to go down until breakout of 1965 level.
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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.