GOLD (XAUUSD): Consolidation Continues
Quick update for 📉Gold.
The market is currently trading in a wide horizontal range on a 4-hour time frame.
After testing the support of the range, there was a significant bullish reaction as the price formed a double bottom pattern and broke below its neckline on the hourly time frame.
I believe that the price may continue to rise towards the resistance of the range with targets at 2916 and 2933.
The market is currently trading in a wide horizontal range on a 4-hour time frame.
After testing the support of the range, there was a significant bullish reaction as the price formed a double bottom pattern and broke below its neckline on the hourly time frame.
I believe that the price may continue to rise towards the resistance of the range with targets at 2916 and 2933.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.