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Gold Price Forecast: Poised for Bullish Continuation Above $2,532
Gold triggered a bullish reversal on Thursday as it rallied above Wednesday’s high to reach a four-day high of 2,523. This follows a successful test of support around the top of a symmetrical triangle consolidation pattern the prior two days. Nonetheless, gold remains stuck within a tight consolidation range near the top of its bull trend from 2,471 and up to the record high of 2,532. This is bullish behavior that should resolve itself to the upside if gold doesn’t drop below the top boundary line of the triangle and stay there. chart Additional signs of short-term strength include the relationship with the ... (full story)
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- Posted: Sep 5, 2024 5:37pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 222
