GOLD - Price can correct to support level and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Gold entered a Rising Channel structure, demonstrating stable growth with higher highs and higher lows.
After testing and breaking through the $3265 support level, the price pulled back slightly and then resumed its upward momentum.
This move confirmed buyer strength and renewed interest in the mid-channel zone.
Recently, Gold successfully retested the $3365–$3375 support area, turning it into a local springboard.
Now price is gaining traction above this zone and appears to be preparing for a continuation of the current trend.
I expect it to rise toward the $3450 target — the upper resistance of the channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
