Gold breaks the upper side of a 5 month long triangle formation, as well as the parallel channel.
Its broken cleanly on the daily, and now an anticipated continuation before a possible retest.
Zoomed in, looking at our other idea below, we can see the first targets will be 2740 and 2752.
Ultimately, Gold could well be heading towards 3000-3100 after successfully breaking this triangle.
https://www.tradingview.com/chart/USCGC/SXDzk43x-Gold-Breaks-Long-Term-Channel-Triangle/
Its broken cleanly on the daily, and now an anticipated continuation before a possible retest.
Zoomed in, looking at our other idea below, we can see the first targets will be 2740 and 2752.
Ultimately, Gold could well be heading towards 3000-3100 after successfully breaking this triangle.
https://www.tradingview.com/chart/USCGC/SXDzk43x-Gold-Breaks-Long-Term-Channel-Triangle/
Trade active
Trade closed: target reached
3109 hit, target hit. Closed trade.40,900 PIPs
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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.
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.