GOLD has continued to climb inside a rising channel structure recently breaking above short-term resistance levels and printing new highs The market is showing strength—but as always price doesn’t move in a straight line,🔍 Current View:
Gold just tapped the upper boundary of the long-term ascending channel.
A sharp rejection followed, signaling potential for a short-term pullback.
Price is still above key support zones, and the bullish structure remains intact.
🧭 What to Expect
1. Minor correction or consolidation expected below the 3444 resistance level.
2. As long as price holds above 3378–3340 the bullish bias remains strong.
3. A break back above the recent high could drive price toward the psychological target at 3480
Resistance: levels 3444, 3456, 3480,
Support: levels 3339, 3319,
✅ Strategy Idea:
Wait for the correction to unfold If price shows strength around support or OB zones this could offer a clean continuation setup. Momentum buyers might wait for a breakout retest of 3444
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
Trade active
Note
use again for buying trade!!
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.
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.