This analysis examines Gold’s current price action in the context of cyclical projections. As price appears poised to close above a key resistance level, two scenarios come into focus: a continued rally toward the weekly cyclical target, or a short-term pullback to retest the resistance level as support. A successful retest followed by new highs would likely confirm a bullish continuation near term.
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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.