The metal moves in a price area ranging between 1985 and 1932 within the two sides of the triangle. Thus, if the lower side of the triangle is breached, the metal will go to the price of 1932, whether by settling above this area to return to the top again, or by breaking it to the bottom, and the direction changes completely. Until then, we should be careful in our deals, especially with the metal. It is moving below the 100 and 200 day averages
Note
The metal has now confirmed its upward movement within the triangle, and is heading to the 1970 price area.Note
Gold rose to the 1960 level, to return again after the Federal Reserve’s decision to fix the interest rate to the 1928 level, and thus gold is moving within the range of our analyzes, and now we are waiting for gold to close above the 1928 level to complete its rise again, or we will see the other scenario, which is the penetration of this purchasing area to the bottom, and thus the trend may change
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.