Gold broke a bearish channel at 3330, and looks headed towards the top. As of now, price is trying to continue to go up towards 3400 and stabilise above this barrier. If price action, remains above 3330 the commodity will likely continue up. Conversely, if the 3330 zone is broken down, a decline may be expected.
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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.