Due to Trump's unpredictability, the whole world is jumping up and down. Gold is even more so. But I think this frenzy is the final top.The pattern might be a crazy broadening top formation.
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If the broadening top comes true, 2800 is a possible short-term target.Note
Anything is possible. If this isn't the top, gold could continue rising to 3450.Trade closed: stop reached
If it quickly breaks through the previous high, it suggests the consolidation pattern may fail, indicating it’s just a mid-term adjustment, and the trend could continue upward (e.g., to 3400-3500). Still, set stop-losses, as external factors (like a Trump tweet) could alter the direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.