Gold Price Potential Upside with a Bullish Channel
hello guys.
Uptrend Structure: The price remains in a strong upward channel, with consistently higher highs and higher lows, indicating a bullish trend.
Resistance Levels: Immediate resistance around the $2,747 zone; a breakout here could lead to a rally towards the top of the channel.
Support Zones: Multiple support zones have formed, with notable levels around $2,730 and $2,714, acting as potential bounce areas if the price pulls back.
Engulfing Pattern: Minor engulfing observed, showing strong buying interest, which adds to the bullish outlook.
Next Move: A continuation within the channel is likely, with the potential for a breakout if momentum strengthens, signaling further gains.
Uptrend Structure: The price remains in a strong upward channel, with consistently higher highs and higher lows, indicating a bullish trend.
Resistance Levels: Immediate resistance around the $2,747 zone; a breakout here could lead to a rally towards the top of the channel.
Support Zones: Multiple support zones have formed, with notable levels around $2,730 and $2,714, acting as potential bounce areas if the price pulls back.
Engulfing Pattern: Minor engulfing observed, showing strong buying interest, which adds to the bullish outlook.
Next Move: A continuation within the channel is likely, with the potential for a breakout if momentum strengthens, signaling further gains.
Trade closed: target reached
both pointed areas touched
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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.