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Gold technical analysis Gold price trades close to the upward-sloping trendline of an Ascending Triangle formation on a daily timeframe, which is placed from the April 7 low of $2,957.
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Gold rebounds from the support of the ascending triangle and looks for its next move, while silver is forming a cup pattern above the $35 support level.
We are still monitoring this ascending triangle on gold, but keep an eye on geopolitical events and USD.
Gold consolidates at the edge of an ascending triangle and looks for its next move, while silver consolidates above $35 in preparation for the next rally.
Palantir shares hit another all-time high during Tuesday's session amid optimism that the data analytics software provider will benefit from massive AI spending. Monitor these key chart levels.
United shares oscillated within an ascending triangle before breaking out above the pattern’s top trendline and 200-day MA on Thursday, potentially setting the stage for follow-through buying.
Bullish Continue Pattern Breakout: The stock is breaking out from a long-term consolidation and bullish continue pattern ascending triangle pattern, signifying that the price should move up.
The weekly gold chart. Excitingly, the symmetrical triangle target on the weekly chart is the same as it is for the ascending triangle on the daily chart… $3800!