Gold Holds Its Structure – Retest in Progress

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XAUUSD Price continues to follow a clearly defined ascending channel, with consistently higher highs and higher lows – a textbook sign of a sustained uptrend. This bullish momentum indicates buyers remain in control, reinforcing the case for further upside.

A key resistance level was recently broken, and we’re now observing a classic retest scenario. That breakout? It matters. It’s not just a price move – it’s a structural shift. If the former resistance holds as support, this opens the door for a potential rally toward 3,351 – the upper boundary of the current channel.

But if that level fails, a mild pullback is likely, possibly a temporary drop before the market decides on its next move.

Bottom line: respect the structure. Don’t force trades without clear confirmation.

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İşlem aktif

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İşlem kapandı: hedefe ulaştı

A nice move up to the marked level, I think I should close the position here!