If you look at the gold quotes, you can see a powerful breakout signal at the 4-hour interval. Exit from the "triangle" by technical analysis (see the picture).
Analyst and founder of the Gold_Star project Ivan Kuznetsov comments on this situation: "We see a powerful signal of technical analysis on a fairly serious time frame. Now it is important to confirm the continuation of the growth of quotes, since the resistance level of 1750$ is very strong, and if we overcome it, we can get a position on the "pyramid" system and wait for a good growth further. But you need to look wider, because if the quotes can not overcome this level and go down, then a "covergence" is formed on the daily chart, a powerful signal of technical analysis for a longer interval.
If you look at the gold quotes, you can see a powerful breakout signal at the 4-hour interval. Exit from the "triangle" by technical analysis (see the picture).
Analyst and founder of the Gold_Star project Ivan Kuznetsov comments on this situation: "We see a powerful signal of technical analysis on a fairly serious time frame. Now it is important to confirm the continuation of the growth of quotes, since the resistance level of 1750$ is very strong, and if we overcome it, we can get a position on the "pyramid" system and wait for a good growth further. But you need to look wider, because if the quotes can not overcome this level and go down, then a "covergence" is formed on the daily chart, a powerful signal of technical analysis for a longer interval.
If you look at the gold quotes, you can see a powerful breakout signal at the 4-hour interval. Exit from the "triangle" by technical analysis (see the picture).