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Gold Spot / U.S. Dollar
Short
7 days ago
GOLD (XAUUSD): Get Ready For Breakout
2
8
Grab this chart
Grab this chart
6
6
It feels like Gold is going to update the All-Time High soon.
I see clear signs of a bullish accumulation on a horizontal
resistance based on a current highest high.
A breakout of the underlined orange area and a candle close above
will indicate the continuation o a global bullish trend.
The market will most likely continue rising at least to 2820.
Alternatively, if you are looking for a bearish confirmation,
a breakout of the support of the channel will give you a strong bearish signal.
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Gold
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Parallel Channel
Trend Lines
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XAUUSD
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