GOLD analysis 1H - Nov 04 2024
Gold is consolidating in a descending triangle pattern at the moment.We shall see a breakout within the next several hours.
Strong 1H close above the blue trendline shall lead Gold to higher levels whereas strong 1H close below the 2,731.70 level shall take it towards 2,700 zone.
Trader shall wait until the breakout occurs before opening any position.
Strong 1H close above the blue trendline shall lead Gold to higher levels whereas strong 1H close below the 2,731.70 level shall take it towards 2,700 zone.
Trader shall wait until the breakout occurs before opening any position.
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