linofx1

GOLD((XAUUSD): Bullish Outlook Explained

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Yesterday, Gold hit a significant upward trend line on a short-term chart. Despite the market consolidating in a sideways pattern for a while, touching the trend line caused the pair to move higher.

The market then surpassed and stayed above the resistance level of the range.

I anticipate that the pair will continue to rise after retesting the broken structure, with a target of 2400.

Join our Telegram channel for daily market update 👇👇

t.me/TheAceTrading

For paid signal👇👇 t.me/linofx1999
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.