Gold is in a clear uptrend on Daily-Weekly
On H1 gold broke this consolidation/ ascending triangle, next created this H1 resistance around 1970 area. Now it's heading back to retest this area, so I place a buy limit. 1970 was acting as an important resistance before, so we can expect some reaction now as well, but now it can probably act as a support.
On H1 gold broke this consolidation/ ascending triangle, next created this H1 resistance around 1970 area. Now it's heading back to retest this area, so I place a buy limit. 1970 was acting as an important resistance before, so we can expect some reaction now as well, but now it can probably act as a support.
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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.