Will Gold Hit New Heights?
Current Price: 2653.84
Multi-Timeframe Analysis:
• 4H Chart: Symmetrical Triangle (Bullish Continuation)
• 1D Chart: Pennant (Bullish Continuation)
• 1D Chart: Long-Legged Doji (Indecision)
Given the bullish signals from both the symmetrical triangle and the pennant patterns, along with the long-legged doji indicating indecision, the market is likely to be bullish. Watch for a breakout above the upper trendlines in both patterns, confirmed by strong volume, to capitalize on potential upward momentum.
Price Target Break Out:
2685 | 2728 | 2750
Price Target Break Down:
2627 | 2575
Happy Trading!
Multi-Timeframe Analysis:
• 4H Chart: Symmetrical Triangle (Bullish Continuation)
• 1D Chart: Pennant (Bullish Continuation)
• 1D Chart: Long-Legged Doji (Indecision)
Given the bullish signals from both the symmetrical triangle and the pennant patterns, along with the long-legged doji indicating indecision, the market is likely to be bullish. Watch for a breakout above the upper trendlines in both patterns, confirmed by strong volume, to capitalize on potential upward momentum.
Price Target Break Out:
2685 | 2728 | 2750
Price Target Break Down:
2627 | 2575
Happy Trading!
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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.
Related publications
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.