On a monthly time frame, Gold is forming a cup and handle pattern. The breakout of consolidation region could initiate a multi-year move. Weekly/ Daily time frame should be used to identify entry opportunities. Always consider a high RR ratio before you enter in any trade.
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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.