Fri, 27 Oct 2023 10:06:33 GMT
Gold breaks channel and reveals triangle
The price for gold has broken the channel up pattern that guided the commodity up throughout October. The surge almost amounted to a total of $200.
After breaking the ascending channel, the metal has revealed a resistance zone at 1,890.85/1,997.15 and a supporting trend line that connects this week's low levels. Combined these levels form a triangle pattern.
A breaking