Gold seems to be completing a triangle ,setting up wave 5 and a possible long position after breaking the resistance zone.
Note
After successfully breaking the triangle followed by a corrective wave, next impulsive move is likely to start.Note
If the resistance is broken there will be a possible opportunity for long entry:Note
The resistance zone held the price and a pullback move has been started.
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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.