the price action of Gold (XAU/USD) on a 4-hour timeframe, with the price hitting the target of 2,900 as indicated. The market is currently in an uptrend within an ascending channel, with potential for further movement towards2,900.972. Key support levels are located at 2,831.691 and lower around2,780. Fibonacci retracement levels highlight areas of interest for possible retracements. The chart suggests that the bullish trend could continue if the price holds above support
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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.