Gold is setting up for a potential breakout — whether it prints a new high or forms a double top, momentum is currently bullish. After a strong impulse and this textbook correction (bull flag or channel), price looks primed for another leg north, with the base acting as solid support.
But… if a political curveball (like Trump headlines) enters the mix, it could flip this entire scenario.
But… if a political curveball (like Trump headlines) enters the mix, it could flip this entire scenario.
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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.