GOLD: Potential bullish consolidation
From a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below the trendline.
Trade with care
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Trade with care
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Note
🔴 Trade not active, invalidation level yet to be confirmed.Note
🔴 Below 1970 we will no longer follow the formation of this potential Pattern:
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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.