Gold, symmetrical triangle pattern, 4h chart
hello guys, here's a triangle pattern on the 4h chart, we should expect some bullish momentum soon. Plus, the COT is still bullish on gold. Let's see how it develops in the next days!
best regards,
docCDS
best regards,
docCDS
Note
1216.5 seems to be the 'buying price', you can see as a support level, maybe it's time to buy some gold to hedge in case of a downturn. August has been always a turbulent month and get ready for some italian drama in late august, early sept
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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.