Gold is consolidating near the upper boundary of a well-defined range, indicating accumulation at range highs. The steady formation of higher lows suggests buyers remain in control.
A confirmed breakout above resistance could trigger bullish expansion toward higher targets, while failure may result in a short-term pullback toward the mid-range before continuation.
A confirmed breakout above resistance could trigger bullish expansion toward higher targets, while failure may result in a short-term pullback toward the mid-range before continuation.
Trade active
Target-1 has been reached as Gold confirms strength above the range high. Continued holding above the breakout zone opens the path toward Target-2 and Target-3.
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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.