On the technical front, gold has violated the ascending triangle pattern which was providing solid resistance at 1,300. Gold is still consolidating above the same resistance come support area. The series of 20, 25, 30 EMA is suggesting a bullish bias of traders.
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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.