Gold broke 2 months consolidation triangle yesterday, Now What?
Gold's 2 months consolidation seems over. Initial shelf support is @ 1.1481 and next horizontal weak resistance is around 1.1536.
Triangle patterns are usually the continuation patterns. Fundamentally, Gold seems in favor of uptrend keeping in view the US-Dollar weakness.
Triangle patterns are usually the continuation patterns. Fundamentally, Gold seems in favor of uptrend keeping in view the US-Dollar weakness.