Gold is currently moving within an ascending channel, with price reacting around the mid-range of the structure. The lower boundary of the channel is acting as a dynamic support zone, while the upper boundary remains the next reaction area to watch.
If price maintains stability above the lower trendline, the structure suggests space toward the upper channel region around the recent intraday highs. The chart highlights how price has been respecting both channel boundaries throughout the session.
This update focuses on the current market structure and key levels visible within the channel.
If price maintains stability above the lower trendline, the structure suggests space toward the upper channel region around the recent intraday highs. The chart highlights how price has been respecting both channel boundaries throughout the session.
This update focuses on the current market structure and key levels visible within the channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.