arongroups

Gold rose as a result of rising geopolitical tensions

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
From a technical point of view, gold seems to have broken the resistance of the ceiling of the descending angle pattern in the range of 2306-2315 in the four-hour time frame, and now it has targeted the 127.2% Fibo resistance at $2373.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.