GOLD - Price can continue to move up inside rising channel

24 Nis

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Long time price rising near the support line, but later it made a correction movement, breaking this line.

Then price had a sharp impulse that confirmed bullish structure and started to grow inside a rising channel.

After reaching the top boundary, the price reversed and started a pullback to the support area near $3265.

This zone also aligns with the channel base and acted as a bounce point before, making it a strong technical level.

Now the price is consolidating above this support, forming a higher low, which may confirm continuation.

As long as price holds, and I expect it to bounce from support line and push toward $3480 channel resistance.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

25 Nis

İşlem aktif

This could develop into a reversal, with bearish pressure visible. 👀👀

26 Nis

İşlem elle kapatılmış

Price exited from channel and started to decline. That's why I close this trade.