Gold has formed a cup and handle pattern in weekly timeframe since Sep'2020. Can give a good upmove amid a good breakout of the pattern. Also, the short term look of the stock market is bearish, so as gold performs usually inversely to that of worldwide stock market.
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.