Short term buy in Gold??
Bullish Triangle Pattern:
Gold has formed a bullish triangle pattern.
This pattern suggests that a breakout is likely, and the direction of the breakout is expected to be upward.
Price Action and Targets:
Based on last week’s price action, gold may rise above the 2309 level.
The potential targets for the bullish move are 2330 and 2350.
Critical Downside Level:
On the downside, the 2380-78 level is critical.
If gold breaks below this level, it may test the 2351 level.
Overall Outlook:
Considering higher time frames, gold remains bullish.
Short-term traders can consider going long based on this analysis.
Remember that market conditions can change rapidly, so it’s essential to keep monitoring price movements and adjust your strategy accordingly. Good luck with your trading view post!
Gold has formed a bullish triangle pattern.
This pattern suggests that a breakout is likely, and the direction of the breakout is expected to be upward.
Price Action and Targets:
Based on last week’s price action, gold may rise above the 2309 level.
The potential targets for the bullish move are 2330 and 2350.
Critical Downside Level:
On the downside, the 2380-78 level is critical.
If gold breaks below this level, it may test the 2351 level.
Overall Outlook:
Considering higher time frames, gold remains bullish.
Short-term traders can consider going long based on this analysis.
Remember that market conditions can change rapidly, so it’s essential to keep monitoring price movements and adjust your strategy accordingly. Good luck with your trading view post!
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