PeterLBrandt

Is Gold forming a "Buy the Rumor, Sell the Fact" moment

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is attempting to complete a symmetrical triangle, which would be a bullish development. However, the current rally is being pushed by the threat of a Russian invasion of Ukraine. So, the market is in the "Buy the rumor" mode at the current moment. Should the actual invasion occur the market could evolve into the "Sell the fact" mode.

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