Spot Gold (100oz)
Panjang

Is gold price going towards $3400 and above?

76
Hello Traders,

Gold is forming an ascending triangle and whenever price gets to the trend line support we get to see a strong upward movement.

According to this technical analysis it is highly probable that gold is going for trend line resistance at $3440.

This analysis is purely technical and does not contain any fundamental aspect.
Nota
price could not break the trendline support and after testing it for some days price has finally reached $3400.

Penafian

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