Long term GOLD

14 בנוב׳

The chart displays a clear upward trend in Gold prices, indicated by higher highs and higher lows. A bullish flag pattern has formed, suggesting a potential continuation of the upward trend. The flagpole represents the initial strong upward momentum, followed by a consolidation phase (the flag). Support and resistance levels are identified at around 2,500 USD and 2,700 USD, respectively. If the price breaks above the resistance, it could signal a significant upward move, making it a potential buying opportunity. However, it's important to exercise caution and use stop-loss orders to manage risk.