Right now, Gold is trading within a clear ascending channel, maintaining a bullish structure. The price has broken above a key resistance area that has now turned into support, which is consistent with the possibility of further upside.
With momentum favoring the uptrend, provided I am not wrong, the price could reach 3,423, which is a reasonable target based on this setup. However, failure to hold this level could indicate a potential change in momentum.
Traders should watch for bullish confirmation signals, such as a bullish engulfing candle, a strong wick rejecting support, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you may have!
With momentum favoring the uptrend, provided I am not wrong, the price could reach 3,423, which is a reasonable target based on this setup. However, failure to hold this level could indicate a potential change in momentum.
Traders should watch for bullish confirmation signals, such as a bullish engulfing candle, a strong wick rejecting support, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you may have!
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Gold has been moving beautifully, and I believe there’s still plenty of room for it to climb even higher in the near future.
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✅ Receive 7–10 premium signals daily across Forex, Gold, and Bitcoin
📈 Timely, precise market insights delivered in real-time
🎓 Designed for traders of all levels – beginner to pro
📌 Join our free signal group here: t.me/+LuDQwLtsv9kxYjM1
📈 Timely, precise market insights delivered in real-time
🎓 Designed for traders of all levels – beginner to pro
📌 Join our free signal group here: t.me/+LuDQwLtsv9kxYjM1
Related publications
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.