Gold finally broke out of the sideways range after a period of consolidation.
Momentum is slowly shifting to the upside again.
From here, I expect a minor pullback into the broken range to retest it as new support, followed by a continuation higher towards around 4,150.
Waiting for a pullback here is absolutely recommended before getting in.
Momentum is slowly shifting to the upside again.
From here, I expect a minor pullback into the broken range to retest it as new support, followed by a continuation higher towards around 4,150.
Waiting for a pullback here is absolutely recommended before getting in.
Trade active
I really like the strength of the move, I will update the next forecast soonTrade closed: target reached
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Related publications
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.