Gold reached a significant horizontal support level last week before rebounding and creating a rising triangle pattern on the 4-hour time frame.
The triangle's upper boundary is defined by a horizontal resistance level that was broken today, indicating the strength of buyers and potentially signaling a return to an overall bullish trend in the market.
The next target for buyers is likely around 2190 to 2200.
The triangle's upper boundary is defined by a horizontal resistance level that was broken today, indicating the strength of buyers and potentially signaling a return to an overall bullish trend in the market.
The next target for buyers is likely around 2190 to 2200.
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