Gold at the crossroads

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Hello! The price of gold is in a triangle again. Exiting the triangle in one direction or the other will indicate the further direction of the price. If the price goes up, the target will be the price around 2200 and then 2319. If the price breaks the triangle down, then a correction to the trend line and further to 1915 is possible. But it should be said that despite the MACD turning up on the monthly chart, the rest of the technical indicators indicate overbought. Now you need to watch the exit from the triangle.

Information provided is only educational and should not be used to take action in the market.

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