Gold is heading towards the resistance of the pattern
Gold is growing due to geopolitical and economic risks associated with virtually the entire world. We won't get into the complexities.
Buyers are coming back. The price is growing and testing the resistance, but the symmetrical triangle dulls the situation.
Scenario: There is no global trend, the price is in a symmetrical triangle. There are no reasons for a strong fall or growth, i.e. for breaking the triangle boundary. Accordingly, on the background of a neutral trend, we should trade from the boundaries and strong levels.
Idea: We are waiting for the retest of 2640 and further growth, for example, to 2666 or to the descending resistance.
In the future, a downward pullback may be formed from the triangle resistance.
Buyers are coming back. The price is growing and testing the resistance, but the symmetrical triangle dulls the situation.
Scenario: There is no global trend, the price is in a symmetrical triangle. There are no reasons for a strong fall or growth, i.e. for breaking the triangle boundary. Accordingly, on the background of a neutral trend, we should trade from the boundaries and strong levels.
Idea: We are waiting for the retest of 2640 and further growth, for example, to 2666 or to the descending resistance.
In the future, a downward pullback may be formed from the triangle resistance.
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Feragatname
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