After failing twice at the 1221 handle it is clear that gold is more in consolidation than a trend change. We have an X-E wave pattern guiding this consolidation and a break of this triangle is expect. We would see Gold move back to yearly lows 1146 and potentially head down toward 1074.
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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.