The bullion metal gold is currently in a ascending triangle pattern. It gave a false breakout above the resistance line and is now currently hovering around trend line. Hence there is a good chance for bearish breakout On the contrary if it breaks above the resistance line, then a bullish rally can be expected.
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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.