Gold broke through a daily significant horizontal resistance level yesterday and closed above it.
It appears that the bullish trend is likely to continue, with the price expected to retest its all-time high soon.
After reaching this level, be prepared for a potential breakout that could drive prices even higher.
It appears that the bullish trend is likely to continue, with the price expected to retest its all-time high soon.
After reaching this level, be prepared for a potential breakout that could drive prices even higher.
Trade active
The latest market factors have caused Gold prices to rise once more.
Currently, the market is trading above a key daily level.
After retesting a previously broken structure, the price has formed a horizontal range on a 4-hour time frame.
A breakout above the resistance of this range would be a strong signal for bullish trading in the short term.
It is likely that we will see a move upwards to at least the 3440 level.
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Join our Telegram channel for daily market update 👇👇
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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.