Gold:bullish wedge inside a rising channel-double trap for bears

21 giu

Inside the major upward channel, gold formed a falling wedge — and, of course, faked a breakdown. But the move reversed quickly: price reclaimed the wedge, surged on volume, and held above the key 3363–3368 area. This isn't just a bounce — it's a structural reclaim in line with the broader trend.

Price is now in the upper part of the rising channel and has broken a local downtrend line, reinforcing the bullish signal. Consolidation around 3380–3395 might be the last pause before acceleration. Above that lies a volume gap — no resistance until 3452.

MACD is flipping bullish, RSI turning upward, and volume confirms smart money presence. Classic: trap below, breakout above. As long as 3363 holds — longs remain in control.

23 giu

Trade chiuso: obiettivo raggiunto

area 3395 closed at market opening