From the graph, we can see that the gold is forming a descending triangle pattern. With lower highs indicated by the red arrows. If the market manage to break through fib level of 0.618, we will expect gold to head to the next level of support.
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.