RLinda ! GOLD-> Rising trend. Symmetrical triangle

17 Mar 2023

Gold is preparing to continue rising, which is hinted at by the symmetrical triangle formed on the uptrend. What's next?

The price forms a consolidation after the triangle breakout. That is, the pattern is testing resistance breakout. If the bulls hold the price above the triangle, we will see growth. The trend is upward, the metal is under the influence of positive fundamental futures, and therefore the market goes to 1959 for a strong retest of resistance.

I expect a successful breakout of triangle resistance, followed by a rise. My goals are as follows: short term target is 1940 resistance, medium term target is the 1959 liquidity zone.

Regards, R. Linda!

17 Mar 2023

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17 Mar 2023

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