Gold's bullish momentum is encountering strong resistance at the 2938–2943 zone, signaling a potential short-term trend break. A failure to hold within the rising channel could trigger a pullback towards the short-term target at 2927, with deeper mid-term targets at 2918 and 2909. RSI is showing weakening momentum—will bears take control? Watch for confirmation!
Trade active
Trade closed: target reached
Close part of your position around 2933Note
TP 1, 2 Hit :)
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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.