Oro / Dollaro
Long
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Gold Awakens: Sharp Pullback but Outlook Remains Bright

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From a technical perspective, gold is currently moving within a parallel ascending channel, showing a clear bullish momentum with a rhythm that is hard to ignore. The price recently bounced away from the resistance area, indicating a typical overbought reaction. At the moment, the market is approaching the lower boundary of this projected channel, an area considered important. The convergence of several technical support levels in this zone is likely to attract renewed buying interest.

I expect the price to rebound toward the 4,250 area, which aligns with the mid-channel region. The bullish momentum may not appear immediately. The situation could develop into a consolidation phase, a false decline, or even a sudden acceleration.
Trade attivo
Nota
Update:
XAUUSD: A new rise is possible after the pullback
Trade chiuso: obiettivo raggiunto
Yesterday, gold showed a flawless bullish move, pushing exactly into the area we had anticipated.

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