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nikbonyad
Apr 1, 2023 3:19 PM

Gold analysis in 4 hours time frame 

GOLD (US$/OZ)TVC

Description

As you can see in the chart above, gold has formed a symmetric triangle pattern in the 4-hour time frame, and it can rise or fall by 5% from any side it breaks, which according to the indicators seems more likely to fall by 5%.
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Comments
markphipps2016
I suspect non farm payroll will be the catalyst either way, Fed speak on pivot vs inflation still too high, or another banking crisis.
nikbonyad
@markphipps2016 Thank you for your opinion.
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