Some TA regardingf the price of Gold.
A local double bottom of the price, doubling as part of a bigger, overal, more sustained, back test from the April 19 breakout.
Also to test strong support at 1680 and the rising orange trend / breakout line.
If it survives, it could trigger the beginning of a local bull run.
If not, a fall down to 1500 could be in play.
A local double bottom of the price, doubling as part of a bigger, overal, more sustained, back test from the April 19 breakout.
Also to test strong support at 1680 and the rising orange trend / breakout line.
If it survives, it could trigger the beginning of a local bull run.
If not, a fall down to 1500 could be in play.
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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.