Get Ready for a Golden Ride! Buy Signal on Gold Daily Chart 📈

The bullish setup on Gold is sparking excitement as price follows a clear Elliott Wave pattern. With the fourth point of the wave in place, it's time to buckle up for the next wave, which could potentially take us to around the 2200 mark.

Adding to the bullish sentiment, Gold has been oscillating within an ascending channel in recent weeks, providing further confirmation for this setup. Notably, the RSI indicator is signaling an oversold condition while maintaining an overall uptrend, suggesting an impending bullish impulse.

Let's ride the wave and make the most of this glittering market trend!

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Commento:

if we zoom in we can notice that price bounced on the 0.618 fib and just breakout the wedge pattern which indicate that the retracement is over and we're now preparing for a continuation of the rally.
By getting a closer look, it gives me great confidence in this setup.
Please remember that it iss important to take profit frequently as price rise in the expected direction.

Trade attivo