Gold Spot / U.S. DollarUpdated XAUUSD:Flag pattern consolidation, watch for the breakout direct
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Gold continues to fluctuate at high levels. Keep an eye on the resistance. If it breaks through, we could see a significant rally next week. If it fails to break through, you can continue trading within the 2480-2520 range until the market decides on a direction.
If the support is broken, the next low could appear below 2450. If the resistance is broken, the high has a chance of reaching the 2543-2558 range.
Gold continues to fluctuate at high levels. Keep an eye on the resistance. If it breaks through, we could see a significant rally next week. If it fails to break through, you can continue trading within the 2480-2520 range until the market decides on a direction.
If the support is broken, the next low could appear below 2450. If the resistance is broken, the high has a chance of reaching the 2543-2558 range.
Trade active
Currently still in the flag area
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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.
Related publications
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.