Gold is currently trading in a sideways pattern, potentially forming a triangle consolidation. This type of setup often precedes a strong breakout. At the moment, price action is showing hesitation near key resistance. Traders should wait for a confirmed breakout above the upper boundary of the triangle to validate a bullish continuation.
Patience is key—wait for the breakout before taking action.
Patience is key—wait for the breakout before taking action.
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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.