Gold Flag - break 2500
Gold has made a strong move on Monday and Consolidated yesterday.
On the 4hr chart, this price action forms a Flag. This pattern is bullish and a sign of price continuation.
There should be heightened volatility tonight. The catalyst to propel Gold to 2500 and beyond will be the US CPI print. If inflation ticks lower, say YoY (July) 2.8%, Gold will rally.
The technical parameters are in place, we have to wait to see if the fundamentals support Gold.
On the 4hr chart, this price action forms a Flag. This pattern is bullish and a sign of price continuation.
There should be heightened volatility tonight. The catalyst to propel Gold to 2500 and beyond will be the US CPI print. If inflation ticks lower, say YoY (July) 2.8%, Gold will rally.
The technical parameters are in place, we have to wait to see if the fundamentals support Gold.
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