Gold prices continue to rise steadily
Updated
Gold prices continue to rise within the parallel channel on the 1D chart, currently trading around 2785 USD.
The precious metal has now reached its highest level in trading history; however, in terms of trend analysis, gold has approached the channel limit and may undergo a correction as it establishes a new high and tests the 34 EMA.
We will prioritize a selling strategy as long as the price channel remains intact. Conversely, we will continue buying if the metal breaks out.
Happy trading, and may your profits be plentiful!
The precious metal has now reached its highest level in trading history; however, in terms of trend analysis, gold has approached the channel limit and may undergo a correction as it establishes a new high and tests the 34 EMA.
We will prioritize a selling strategy as long as the price channel remains intact. Conversely, we will continue buying if the metal breaks out.
Happy trading, and may your profits be plentiful!
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