GOLD: Growth after consolidation
And so, we have an ascending channel. Inside the channel, at the lower border, accumulation is forming, gold has a potential to rise (globally) to the 1960 level. I assume a range breakout, consolidation and further growth towards the upper border of the ascending channel. But we have a little resistance ahead - a local high formed on May 26, we should expect a slight pullback.
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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.