The chart shows a bullish Inverse Head & Shoulders pattern. Price has broken above resistance and is retesting before a potential move higher. The target is around $2,960-$2,980, with support near $2,900. If the breakout holds, gold could continue rising.
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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.