Amid election pressure, gold continues to rise, breaking resistance levels. However, it's also forming a rising wedge pattern, evident in the joining of its tops and lows. Currently, the trend appears upward, but caution is warranted as the pattern suggests potential reversal. Stay vigilant till the end, as outcomes remain uncertain.
Note
Note
In the 1h frame, the gold price signal is very noisy, we need to observe more to enter an orderNote
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Related publications
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.