GOLD (XAUUSD): Strong Intraday Bullish Signal
Update on Gold
Recently, we observed a breach of a key horizontal resistance level on the intraday chart.
Following this, the market retraced to a previously broken level and formed both a symmetrical triangle and a double bottom pattern on the 4-hour chart.
A bullish breakout above the triangle's resistance line and the neckline of the double bottom signals a strong intraday bullish outlook, indicating a likely continuation of the uptrend.
Our initial target is set at 2684.
Recently, we observed a breach of a key horizontal resistance level on the intraday chart.
Following this, the market retraced to a previously broken level and formed both a symmetrical triangle and a double bottom pattern on the 4-hour chart.
A bullish breakout above the triangle's resistance line and the neckline of the double bottom signals a strong intraday bullish outlook, indicating a likely continuation of the uptrend.
Our initial target is set at 2684.
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