Gold maintains a clearly bullish structure, with ascending tops and bottoms (HH/HL).
The price is now approaching a zone where historically reactions have occurred, which could generate a short-term correction or consolidation.
As long as the main structure remains intact, the bias continues to be towards continued upward movement after this reaction phase.
Confirmation of the next move depends on whether the price response reinforces this area or not.
The price is now approaching a zone where historically reactions have occurred, which could generate a short-term correction or consolidation.
As long as the main structure remains intact, the bias continues to be towards continued upward movement after this reaction phase.
Confirmation of the next move depends on whether the price response reinforces this area or not.
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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.
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.