In the 30-minute timeframe, gold appears bullish as it forms a bullish flag pattern, typically indicating a continuation of the previous uptrend. Moreover, the recent impulse move after completing a 61% retracement suggests renewed buying interest and potential upward momentum. Traders may consider monitoring for a breakout above the flag pattern's resistance for confirmation of further bullish momentum.
In the 30-minute timeframe, gold appears bullish as it forms a bullish flag pattern, typically indicating a continuation of the previous uptrend. Moreover, the recent impulse move after completing a 61% retracement suggests renewed buying interest and potential upward momentum. Traders may consider monitoring for a breakout above the flag pattern's resistance for confirmation of further bullish momentum.