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Technical analysis by linofx1 about Symbol PAXG on 22 hour ago

https://sahmeto.com/message/3996777
linofx1
linofx1
Rank: 510
2.7

GOLD (XAU/USD): Will We Test ATH Soon?

Neutral
Price at Publish Time:
$4,341.8
،Technical،linofx1

Following a significant bullish rally last week, Gold growth has paused, and started to consolidate. I observe a classic bullish accumulation pattern, specifically an ascending triangle formation, on a 4-hour timeframe. Currently, we are witnessing a test of its neckline. I am of the strong opinion that a bullish breakout, indicated by a 4-hour candle closing above 4354, will initiate a continuation of the bullish trend. We might anticipate a bullish movement towards 4380, and the market could potentially surpass the all-time high.

Source Message: TradingView
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