Gold continues within tight range triangle pattern.
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.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.