GOLD Forms Bullish Flag Pattern, Continuation Likely

4 апр. 2023 г.

Yesterday, gold experienced a significant bullish surge as we previously anticipated, hitting our take profit levels. Today, the price is consolidating and forming a Bullish Flag pattern, which suggests a high probability of a continuation of the upward trend. However, if the price reverses in this area, we will consider a short setup. Overall, our bias is still leaning towards a long continuation.