GOLD has been soaring high for the last several weeks and recently it broke a six year high. It has been rising by creating new ranges in the 4H and 2H timeframes, breaking the ranges, rising again, forming a range and breaking and so on.
Yesterday it broke the triangle pattern it hadd formed while ranging in the new ares. We can expect it then to form a new range (a wave pattern) at the top or by rising further. See chart analysis.
Yesterday it broke the triangle pattern it hadd formed while ranging in the new ares. We can expect it then to form a new range (a wave pattern) at the top or by rising further. See chart analysis.
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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.