Gold is looking Neutral
Spot gold looks neutral in a range of $1,870-$1,890 Only the break of these levels could suggest further direction. A break below $1,870 could open the way towards $1,852.
While a break above $1,893 could lead into $1,902-$1,917 range.
Current consolidation is taking the shape of Triangle with Bullish Bias. As long Gold hovers above 1974, it is likely to rise towards $1,921.
A fall below 1862 could signal the break above $1,875 was indeed false. A bearish target of $1,830 will be established accordingly.
While a break above $1,893 could lead into $1,902-$1,917 range.
Current consolidation is taking the shape of Triangle with Bullish Bias. As long Gold hovers above 1974, it is likely to rise towards $1,921.
A fall below 1862 could signal the break above $1,875 was indeed false. A bearish target of $1,830 will be established accordingly.
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.