Price is pulling back into a strong support zone + EMA confluence inside an upward channel. Expect a bullish bounce and continuation toward the next resistance at 4,257. NQ1!MES1!CRUDEOIL1!SI1!
XAUUSD has shown strong performance in the ascending channel, and I expect this trend to continue as shown in my chart, with a target price of $4,280.
The current area represents a key turning point, where prices could find support allowing them to rise, or they may break down, which could lead to a further downward movement. If I were to choose the most likely direction, I would lean towards upward price movement. However, only market action will determine whether the channel will continue or not. If the downtrend line is breached strongly, it will invalidate the bullish scenario, meaning that the bullish momentum could weaken or even reverse in the short term.
These are just my personal forecasts based on technical analysis, and they do not represent financial advice. Always make sure to verify your setups and manage risks wisely.
XAUUSD Trading Signal
NQ1! 
MES1! 
CRUDEOIL1! 
SI1!
