Gold remains in a clear bullish trend, holding within a solid price zone. However, traders should be cautious, as the market could soon face a breakout or a slow reversal.
The price is currently consolidating in a strong zone.
If bullish momentum continues and the zone holds, a strong move to the upside is possible.
At the same time, beware of potential slow reversal patterns, especially if volume drops or resistance holds.
The price is currently consolidating in a strong zone.
If bullish momentum continues and the zone holds, a strong move to the upside is possible.
At the same time, beware of potential slow reversal patterns, especially if volume drops or resistance holds.
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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.