Gold has been confined to narrow horizontal channel with several tests of the boundaries. There is a likelihood of it testing the most recent previous pivot reversal points after breaking out of the channel. Wait for a break from the Triangle pattern but expect a retracement and retest if not a powerful initial move.
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.