Gold has formed a AB=CD pattern.
It is currently facing resistance at the levels of 1240.
Hence we expect the bullion metal to retreat to its support level at 1230.
It is currently facing resistance at the levels of 1240.
Hence we expect the bullion metal to retreat to its support level at 1230.
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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.