GOlD → stick to the long position

21 Ağuhello guys.

I believe gold is still bullish and only long positions are logical.

Channel Breakout: The price of gold has broken out of the main ascending channel, indicating a strong bullish move.
Fake Divergence: A fake divergence was spotted, but the price continued to rise, rejecting bearish signals.
Support Zone: The price is currently hovering above a significant support zone (highlighted in blue), which could serve as a springboard for further upward movement.
Target: The next potential target lies near the upper boundary of the newly formed channel, around the $2,550 mark.

Summary

• Breakout: Price broke above the main ascending channel.
  
• Support: Holding above a key support zone.
  
• Target: Aiming for $2,550 as the next potential resistance level.
  

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21 Ağu

İşlem aktif

the blue area is touched so the position is activated.

21 Ağu

Yorum

24 Ağu

İşlem aktif

a new update for the long position's target!