Gold’s recent false break of the channel might be nearing its end as bullish momentum builds. While higher timeframes suggest more room to run, a bounce around the 3000 level could be the next key move. Two bullish scenarios are in play: either we see a breakout to new highs or price consolidates in the new lower timeframe range before launching higher. Here's what traders should watch next.
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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.