Gold prices decreased but still aiming at a record high
Hello gold traders, let’s dive into today’s gold price action!
Right now, gold is in a consolidation phase, trapped below the key resistance at $2525, with the price range yet to break.
But looking at the bigger picture, the precious metal is still riding an upward channel, and I’m betting on a bullish breakout, especially with yesterday’s news favoring gold.
My long-term target remains on the upside, as I’ve highlighted on the chart.
What about you? What’s your take on gold’s next move?
Right now, gold is in a consolidation phase, trapped below the key resistance at $2525, with the price range yet to break.
But looking at the bigger picture, the precious metal is still riding an upward channel, and I’m betting on a bullish breakout, especially with yesterday’s news favoring gold.
My long-term target remains on the upside, as I’ve highlighted on the chart.
What about you? What’s your take on gold’s next move?
Comment
✅Are you looking for high-quality trading signals, in-depth market knowledge, and free support?
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+rrx8nYour0U4ZDk9
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+rrx8nYour0U4ZDk9
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.