Here we are looking at GOLD on the Weekly TF…
As you can see, GOLD just got rejected for the third time from the $2,080 level. When completely zoomed out, you can see that GOLD is trading in a massive bull flag, or in the handle of an even bigger cup and handle pattern.
If GOLD can consolidate and build up the power to break through this strong resistance, it will enter into price discovery, and begin a run to new highs…
I will continue to monitor this structure, and will update you when I see relevant updates in the chart…
Cheers!
As you can see, GOLD just got rejected for the third time from the $2,080 level. When completely zoomed out, you can see that GOLD is trading in a massive bull flag, or in the handle of an even bigger cup and handle pattern.
If GOLD can consolidate and build up the power to break through this strong resistance, it will enter into price discovery, and begin a run to new highs…
I will continue to monitor this structure, and will update you when I see relevant updates in the chart…
Cheers!
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Get trade alerts with exact entries and exits + daily videos with deep dive technical analysis on stocks, crypto, commodities and options. Find these at VerifiedInvesting.com
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.