Gold Price Forecast: Volatility Looms as Pennant Pattern Develops
The Pennant (PNTG) FX Empire·2024-06-20 04:13
Bullish Above 2,335 A decisive breakout above 2,335 will provide the next sign of strength that may give gold a chance to keep rising. Last week's high of 2,388 is also critical as a move above it would trigger a weekly breakout and a rise above the most recent interim daily swing high. Gold began an attempt to breakout from the rising parallel trend channel in early April, which eventually failed with the decline below the line on June 7. It has since traded below the line, putting it at risk of a deeper r ...