Hello Traders! 👋
What are your thoughts on GOLD?
Gold entered a corrective phase after reaching the top of its ascending channel. Price is now approaching the channel bottom, which coincides with a key support zone.
As long as the channel support holds, we expect a bullish reaction from this area, potentially driving price back toward the next target level.
The uptrend remains valid as long as price does not break and close below the lower boundary of the channel.
A rebound from channel support may signal the start of the next upward leg.
Invalidation occurs only if price breaks and holds below the channel.
💡 Will gold bounce from channel support and resume its rally? Share your view in the comments! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Gold entered a corrective phase after reaching the top of its ascending channel. Price is now approaching the channel bottom, which coincides with a key support zone.
As long as the channel support holds, we expect a bullish reaction from this area, potentially driving price back toward the next target level.
The uptrend remains valid as long as price does not break and close below the lower boundary of the channel.
A rebound from channel support may signal the start of the next upward leg.
Invalidation occurs only if price breaks and holds below the channel.
💡 Will gold bounce from channel support and resume its rally? Share your view in the comments! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.