GOLD - Price can correct to support level and then bounce up

7 giorni fa

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Gold entered a Rising Channel structure, demonstrating stable growth with higher highs and higher lows.

After testing and breaking through the $3265 support level, the price pulled back slightly and then resumed its upward momentum.

This move confirmed buyer strength and renewed interest in the mid-channel zone.

Recently, Gold successfully retested the $3365–$3375 support area, turning it into a local springboard.

Now price is gaining traction above this zone and appears to be preparing for a continuation of the current trend.

I expect it to rise toward the $3450 target — the upper resistance of the channel.

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6 giorni fa

Trade attivo

Very great! Price almost reached my target.