Market Scenario: Gold is expected to enter a consolidation (ranging) phase between $4170 and $4200 to gather the necessary liquidity and energy.
Bullish Condition: To confirm the move higher, the price must decisively break the $4200 resistance and successfully flip it into support.
Ultimate Target: If the consolidation and breakout are successful, the next target is $4300.
Bullish Condition: To confirm the move higher, the price must decisively break the $4200 resistance and successfully flip it into support.
Ultimate Target: If the consolidation and breakout are successful, the next target is $4300.
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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.