Gold will continue to consolidate

Gold will continue to consolidate


On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.

However, in the short term, the price is likely to rebound after technical signals. Therefore, we recommend accumulating Buy orders at the support.

Trade idea

Buy: 1192.00, 1186.00, 1178.00

S/L: 1170.00

TP1: 1207.00, TP2: 1212.00, TP3: 1218.00



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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