Gold – Symmetrical Triangle Shows Uncertainty

06 Jun - Gold 4 hr

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Hi all,

A quick update on Gold. As investors await employment data from Non-Farm Payroll, the symmetrical triangle confirms the uncertainty in the market.

My bias is to go long with a potential A-B-C pattern (not shown). However, I will be cautions as the bears are as patient as the bulls and it won’t surprise me if they come in to push price lower in line with the longer term continuation trend.

Thank you for reading and happy trading!

 

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