Long

Gold can continue to grow inside upward channel

Hello traders, I want share with you my opinion about Gold. This chart shows how the price initially rebounded from the support level, which aligned with the buyer zone, but soon reversed and dropped back down to the support line. After hovering near this line, the price entered a triangle pattern, where it bounced off the resistance line and fell to the support line, breaking below the support level. Following that move, the price reversed upward and returned to the buyer zone, where it consolidated briefly before declining again to the support line. From there, it bounced and began to climb. Shortly after, the price broke through the 2915 level and eventually exited the triangle pattern. From that point, the price started trending upward within an ascending channel, reaching the current support level, which overlaps with a key support area, before rising to the resistance line of the channel. Recently, the price pulled back to the support zone once again, and I believe there’s a good chance it will decline a little below from this area and continue its upward move within the channel, aiming for the resistance line. For this scenario, my TP is set at 3080. Please share this idea with your friends and click Boost 🚀

LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

Also on:

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.

LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

Also on: