Gold technical outlook – Signs of exhaustion at channel top

is climbing within a well-defined ascending channel, and price is now brushing up against the upper boundary, a dynamic resistance zone that has historically triggered pullbacks. If price gets rejected here, we may see a healthy correction toward the key support at 3,350, offering a potential reload point for bulls.

Should buyers step in and defend this level, the bullish structure remains intact, setting the stage for a renewed push higher. On the other hand, a clean break below 3,350 could open the door for a deeper retracement toward the lower edge of the channel, where more significant demand may lie.

All eyes should be on price action and volume in this regio, watch for reversal patterns like bullish pin bars or engulfing candles to confirm entries. As always, risk management comes first. Don't trade assumptions, trade confirmations.

What’s your take on this setup? Drop your thoughts below and let’s discuss!

Trade active

Trade closed: target reached

Gold moves beautifully to the designated area

Brian_Nguyenn

💹 Sharing premium signals & smart market insights daily
🚀 7–10 accurate signals/day (Gold, Forex, BTC)
📊 Technical analysis with a personal edge
✅ Join my free signal group: t.me/+E4ZNW3ZeXiQ1Y2M9

Also on:

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.

Brian_Nguyenn

Also on: