From a short-term technical perspective, the bull flag breakout confirmed on gold’s hourly chart, suggests that the price remains on track to extend its recovery. RSI still Firm which is complimenting its firm upward move.
But in a bigger picture there is a trendline resistance area which can create a little downside rally again to completing its gartley pattern.
But in a bigger picture there is a trendline resistance area which can create a little downside rally again to completing its gartley pattern.
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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.