Falling Wedge has formed on Gold since April 2023. This has been a turn for the good. We've seen the price breakout and now we can expect the demand to continue. 7=21>200 - Bullish RSI >50 (Buy divergence with the level breaking the downtrend. Target $2,081
This will reflect on gold companies too which we can be bullish on. Happy to go long here.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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