Gold is bullish on its 1D technical outlook (RSI = 60.610, MACD = 34.740, ADX = 32.308) as the recent geopolitics and tariff fundamentals are strengthening it as a safe haven. Fundamentals aside, the price is also being guided higher by the technical similarities with the October 2024 pattern. As you can see, it was after an identical Cup and Handle pattern that bottomed on the 4H MA200 that initiated a Channel Up to the 2.0 Fib extension that completed a +18.50% rise. Long, TP = 3,050.
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Disclaimer
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