Hello everybody, as you can see gold is going to make a turning point decision by creating a descending triangle price pattern in daily time frame, whether it would want to continue its mid-term uptrend or fall under the resistance line in short-term. Examinations in 30m and 1h time frames supporting a rise in price (also by forming ascending triangles) , making possibility of breakout above the resistance level in daily time frame more reachable. I suggest to watch other fundamental parameters like devaluation of US Dollar in short-term, and future price of Crude Oil.
Note
Correction: whether it would want to continue its mid-term uptrend or fall under the [support] line in short-term
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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.