The candlestick pattern on the gold price graph shows alternating green and red 5‑minute candles, indicating periods of buying pressure followed by selling pressure. Recently, a strong green candle pushed the price up, breaking out of a consolidation zone (pink rectangle), suggesting bullish momentum. The subsequent candles are smaller, signaling potential indecision.
If the next candles close above the upper channel line, the bullish trend will likely continue; if they break below the pink support zone, a short-term bearish reversal could emerge.
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XAUUSDT
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