Gold Bulls Warming Up for the Next Rally After Pullback

3 ott

Hi guys

Gold is still respecting the ascending channel structure, creating higher highs and higher lows. The price has already reacted strongly from the demand (S&D) zone around 3820–3840, pushing back toward the upper side of the channel.

🔎 At this stage, the key area to watch is the green supply zone near 3880–3900. I expect the price to test this zone, where a short-term correction is likely. After a possible pullback toward the mid/lower boundary of the channel, the bullish momentum should continue, with the next upside targets aligning with the 3920–3940 area.

Trend bias: Bullish

Key levels:

• Resistance: 3880 – 3900 (supply zone)
  
• Next target: 3920 – 3940
  

🚀 If the channel structure remains intact, dips should be seen as buying opportunities, with the overall trend pointing higher.



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7 giorni fa

Trade chiuso: obiettivo raggiunto

The green level touched: