Gold – Channel Support Holding, Upside Target Towards 3770

5 days ago

Gold is trading within a well-defined ascending channel on the 15-min chart. Price action has repeatedly respected both support and resistance lines, which makes this pattern highly reliable in the short term. Currently, the price is bouncing from the lower channel support and holding firmly above the 3740–3743 zone. As long as this support area is protected, the bullish momentum remains intact and the next upside target comes in around 3770, aligning with the channel resistance. A breakout above 3770 could trigger an even stronger rally, while a failure to hold below 3733 would invalidate the setup and shift the bias to the downside.

Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.

Analysis By TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile
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5 days ago

Trade active

What a move Targets has been achieved.