There is a potential bullish breakout forming a triangle pattern on the 1-hour timeframe. The price of gold has opened above the thin yellow line.
If a bullish green candle opens above the blue line, there is a high probability that the price will continue rising toward the green line, which acts as a strong resistance level.
If this green resistance line is broken, the chances increase for gold to reach the final line of the "Alademy" indicator around the 3295 level — especially if a candle opens above 3250.
Stay tuned for the upcoming analysis on the daily timeframe.
If a bullish green candle opens above the blue line, there is a high probability that the price will continue rising toward the green line, which acts as a strong resistance level.
If this green resistance line is broken, the chances increase for gold to reach the final line of the "Alademy" indicator around the 3295 level — especially if a candle opens above 3250.
Stay tuned for the upcoming analysis on the daily timeframe.
osamaalademy
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.
osamaalademy
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.