Gold / XAUUSD hasn't changed it's long term trend, which remains bullish inside a Channel Up since October 2023.
However, it is more likely than not, to extend the consolidation it is having since April 21st, which is no different than the 3 previous consolidation phases this Channel Up had.
After they got completed, strong rallies followed, the less strong of which was +18.51%.
Stay bullish, target 3700.
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However, it is more likely than not, to extend the consolidation it is having since April 21st, which is no different than the 3 previous consolidation phases this Channel Up had.
After they got completed, strong rallies followed, the less strong of which was +18.51%.
Stay bullish, target 3700.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.