Gold formed nice trend-following bullish setup, with the price retesting a previous horizontal resistance before bouncing back and breaking through a resistance line of a bullish flag pattern on the 4-hour chart.
There is a high likelihood that the market will continue to rise, with the next target for buyers being the resistance level based on the current All Time High.
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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.