XAU/USD Gold Price Analysis: Triangle Pattern Signals Strong Bullish Momentum Ahead
As gold trades within consolidation, technical support and a bullish weekly breakout increase the odds of continued strength and a move toward new highs.Gold took a rest on Wednesday and consolidated within Tuesday’s range. An inside day will therefore be established with a low of $3,358 and a high of $3,385. For the past three days support was seen around the convergence of the 20-Day and 50-Day MAs, now at $3,349 and $3,346, respectively. Interestingly, those moving averages align with the low