Gold hourly chart analysis: Uptrend likely to continue
Gold has created an ascending triangle pattern in the hourly chart, which is a Bullish Pattern.
The overall market structure is Bullish which means that the uptrend is likely to continue.
A strong break of the minor Resistance at 1780 will accelerate the uptrend towards 2000 and 2025.
The rectangle I have highlighted in my chart can be a possible Buy entry. The price is also above the 100H EMA, which is a positive sign for the buyers.
I will be buying very soon either when the price dips to the buying area or when the price clears the minor resistance.
The overall market structure is Bullish which means that the uptrend is likely to continue.
A strong break of the minor Resistance at 1780 will accelerate the uptrend towards 2000 and 2025.
The rectangle I have highlighted in my chart can be a possible Buy entry. The price is also above the 100H EMA, which is a positive sign for the buyers.
I will be buying very soon either when the price dips to the buying area or when the price clears the minor resistance.
Trade fechado: objetivo atingido:
Target reached 2025
