Right now Gold is at 1306.96. With Price failing to break past the red moving average. Price is currently below the Red moving average. We had a rejection off of 1325.00 which is also the Quarter Key level.
We are currently in a Bullish Flag pattern as well.
So my bias is that price action is going to reach 1300.00
Once it reaches this level - we will see if price actions wants to form resistance and start going long.
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.