XAUUSD Bullish Channel Formation & Resistance Levels
Gold (XAUUSD) Maintains Bullish Structure Within Ascending Channel
Trend: Price is respecting an ascending channel, bouncing off key trendline support.
Support Zone: The red highlighted area (~$2,720) acted as a strong demand zone.
Key Touchpoints: Multiple bullish rejections at the lower trendline indicate continued buying interest.
Potential Scenarios: Price may continue upwards toward the upper channel boundary (~$2,820-$2,860), with possible retests of the mid-channel zone before further upside.
Invalidation: A break below the channel could lead to a bearish correction.
Overall, the bullish trend remains intact unless a significant breakdown occurs.
Trend: Price is respecting an ascending channel, bouncing off key trendline support.
Support Zone: The red highlighted area (~$2,720) acted as a strong demand zone.
Key Touchpoints: Multiple bullish rejections at the lower trendline indicate continued buying interest.
Potential Scenarios: Price may continue upwards toward the upper channel boundary (~$2,820-$2,860), with possible retests of the mid-channel zone before further upside.
Invalidation: A break below the channel could lead to a bearish correction.
Overall, the bullish trend remains intact unless a significant breakdown occurs.
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✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
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Disclaimer
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✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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.