Gold is forming an inverted head and shoulder pattern on the hourly timeframe, it is at a key pivot level. Any break above that will see a sharp intraday rally in the commodity.
Note
Gold in the global market pegged to the dollar, looks good too. Trade closed: target reached
pretty good rally since the noon. Time to take the profits in this one for once. Trade closed: target reached
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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.