GOLD FORECAST
Gold is still ranging in a predictable pattern looking to continue on it's 4th leg in a flag pattern.
There is also a second flag pattern (yellow) within this major flag pattern which we believe may break as price tries to continue its 4th leg.
If the yellow channel breaks price should retest the bottom of the major flag pattern
If it does not break, we expect a bounce back up towards the top of the major flag pattern and possibly a breakout futher long.
There is also a second flag pattern (yellow) within this major flag pattern which we believe may break as price tries to continue its 4th leg.
If the yellow channel breaks price should retest the bottom of the major flag pattern
If it does not break, we expect a bounce back up towards the top of the major flag pattern and possibly a breakout futher long.
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.