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.
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 active
Note
Update: 
Trade closed: target reached
Yesterday, gold showed a flawless bullish move, pushing exactly into the area we had anticipated.
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⭐ Saya ada di sini untuk membantumu cuan lebih cepat.
Masuk ke grup eksklusif ini dan ambil sinyal gratisnya sekarang:
👉 t.me/+qhCnnG69r9A4YjBl
✅ Peluang gandakan akun
✅ Bimbingan trading XAUUSD, Forex, dan Bitcoin langsung dari ahli
Masuk ke grup eksklusif ini dan ambil sinyal gratisnya sekarang:
👉 t.me/+qhCnnG69r9A4YjBl
✅ Peluang gandakan akun
✅ Bimbingan trading XAUUSD, Forex, dan Bitcoin langsung dari ahli
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.