Gold Consolidates in Triangle Pattern, Potential Breakout Ahead

Challenges Ahead for Austria's Competitiveness and Economic Outlook

Gold has been trading sideways at the price of $1.925 and I see potential for the triangle pattern breakout.

Due to the breakout of the multi-day consolidation last week and the triangle pattern in creation in last few days, I see potential for the further drop in case of the breakout of the support at $1.920.

Downside objectives are set at the price of $1.910 and $1.900 Key resistance is set at the price of $1.933

 

 

Challenges Ahead for Austria's Competitiveness and Economic Outlook

InstaForex Analysis

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