Gold - Descending Triangle Upside Break
Gold since breaking the 2500 level, has consolidated within a Descending Triangle.
This is usually a bearish pattern, however it is presently occurring in an uptrend.
Look for the upside breakout. The target is the equal extension of triangle height.
This may be around 2540.
This is usually a bearish pattern, however it is presently occurring in an uptrend.
Look for the upside breakout. The target is the equal extension of triangle height.
This may be around 2540.
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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.
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.