As we zoom in and take a closer look at how GOLD is moving, one thing becomes immediately clear:
The market has just shown a powerful upward surge, but now something intriguing is happening. The price is compressing, forming a tight, small triangle, a sign that the market is building up energy. In moments like this, there are usually two potential paths, but given the bullish context, I can almost feel that a breakout to the upside is the more likely scenario.
What do you think? Do you agree with me?
Let me know your thoughts in the comments! And trust me, joining the TradingView community is one of the best ways to improve your skills as a trader every single day.
Just a reminder: this isn't financial advice, but rather my personal take on the chart.
The market has just shown a powerful upward surge, but now something intriguing is happening. The price is compressing, forming a tight, small triangle, a sign that the market is building up energy. In moments like this, there are usually two potential paths, but given the bullish context, I can almost feel that a breakout to the upside is the more likely scenario.
What do you think? Do you agree with me?
Let me know your thoughts in the comments! And trust me, joining the TradingView community is one of the best ways to improve your skills as a trader every single day.
Just a reminder: this isn't financial advice, but rather my personal take on the chart.
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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.
⭐️Join our FREE Signal Channel for instant benefits:
t.me/+eI88_T2fcIE0MTVl
✅80% Win Rate Signals - Free, high-quality signals to boost your success.
✅Expert Trading Strategies
✅Exclusive Tips & Insights
t.me/+eI88_T2fcIE0MTVl
✅80% Win Rate Signals - Free, high-quality signals to boost your success.
✅Expert Trading Strategies
✅Exclusive Tips & Insights
Related publications
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.