The bullion metal have a sideways movement gave a bullish breakout.
It is currently consolidating in the form of a symmetrical triangle pattern.
Hence a bullish breakout can result in a steep upside rally. On the flipside if it makes a bearish breakout prices can correct before resuming its upside rally.
It is currently consolidating in the form of a symmetrical triangle pattern.
Hence a bullish breakout can result in a steep upside rally. On the flipside if it makes a bearish breakout prices can correct before resuming its upside rally.
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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.