GOLD Targets New Highs - Will It Reach 2,919?

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GOLD is trading within a well-defined ascending channel, signaling strong bullish momentum. The price has consistently respected the channel boundaries, forming higher highs and higher lows, which aligns with the continuation of the uptrend.

If the price maintains its current trajectory, I anticipate a move toward the 2,919 level, which aligns with the upper boundary of the channel. This setup reflects the potential for further bullish movement as buyers continue to dominate the market.

Traders should monitor for pullbacks, as these areas may offer potential buying opportunities. Look for bullish confirmation signals to validate entries.

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