Gold chart is forming a symmetrical triangle pattern on weekly time frame. If the stock gives a breakout above the resistance line then we can see a great move in this.
The trade should be made with a proper Target and Stop loss as I showed you in the chart. The above analysis is purely a swing trade for education purpose.
The trade should be made with a proper Target and Stop loss as I showed you in the chart. The above analysis is purely a swing trade for education purpose.
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Or 1st Target in Gold is almost done.
Comment:
Now wait for The Gold to come down near its trendline level to initiate fresh Buy.