Gold is the focus, plain and simple. We’re in an ascending channel, and price is respecting that structure with precision, higher highs, and no major signs of exhaustion yet.
Recently a clear resistance level was just taken out, and now I am watching for the classic retest. That breakout? A big deal, and a strong clue as well. If that zone holds as support, that’s a green light for a potential upmove toward 3,460 which matches the top of the channel.
But if it fails, we could expect a slight pullback, it might mean we could be in for a healthy dip before the next move.
Bottom line: follow the structure, and don’t force trades here without confirmation first
Recently a clear resistance level was just taken out, and now I am watching for the classic retest. That breakout? A big deal, and a strong clue as well. If that zone holds as support, that’s a green light for a potential upmove toward 3,460 which matches the top of the channel.
But if it fails, we could expect a slight pullback, it might mean we could be in for a healthy dip before the next move.
Bottom line: follow the structure, and don’t force trades here without confirmation first
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Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 I trust Blueberry Funded. Get Funded here: 25 OFF with link - bit.ly/bestfunded
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 I trust Blueberry Funded. Get Funded here: 25 OFF with link - bit.ly/bestfunded
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.