Gold is in a triangle on a 1 day timeframe and currently is at the support level of the bottom trendline. It can take a support from here and we can see a bounce till it reaches the upper trendline.
Also this up move may be supported by the festive season which can trigger buying in gold and support the above analysis.
Also this up move may be supported by the festive season which can trigger buying in gold and support the above analysis.
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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.