Gold continues within tight range but seems breaks triangle.
Gold continues within tight range but seems breaks triangle pattern.(bullish sign)
After powell insignificant talk of rate cuts(in a mid n yes/no talk) gold following same pattern n might wait for a breakthrough by any big shock.
Chart showing wait n watch conditions.
So let's see which side it go.
Overall if rate cut not possible in near term than that's a bearish for market but nowadays it's all about data. So not sure but I'm very bullish during rate cuts.
After powell insignificant talk of rate cuts(in a mid n yes/no talk) gold following same pattern n might wait for a breakthrough by any big shock.
Chart showing wait n watch conditions.
So let's see which side it go.
Overall if rate cut not possible in near term than that's a bearish for market but nowadays it's all about data. So not sure but I'm very bullish during rate cuts.