On the daily gold chart, sellers entered the 2075 zone and their first resistance was pushed towards the 2015 zone, the buyers reacted from the 1862 zone pushing their first support towards the 1905 zone. , the price of gold is locked in a trianagle around 1940-1950 while arriving on the big bullish trend, this means that a strong movement is imminent, its deriction will be determined by the direction of the exit of the triangle, its first objectives: 2015.00 in case the up trend remains intact, otherwise the 1900.00 zone would be the first to be affected.
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.