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PeterLBrandt

Is Gold forming a "Buy the Rumor, Sell the Fact" moment

Ouro/Dólar Americano (FX:XAUUSD)  
PeterLBrandt  
FX:XAUUSD   Ouro/Dólar Americano
Chart Patterns Gold gc_f
63
8
chartpattern gold gc_f
Gold is attempting to complete a symmetrical triangle, which would be a bullish development. However, the current rally is being pushed by the threat of a Russian invasion of Ukraine. So, the market is in the "Buy the rumor" mode at the current moment. Should the actual invasion occur the market could evolve into the "Sell the fact" mode.
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