Fri, 03 Sep 2021 09:27:56 GMT
Gold reveals triangle pattern
The previously assumed-to-be sideways trading of the yellow metal has been slowly decreasing volatility. Moreover, by inspecting the hourly candle chart, a triangle pattern has been spotted. In theory, all trading in a triangle pattern eventually ends with a break out either to the upside or downwards.
In the case that the rate breaks out up, it would face the resistance