The price of XAUUSD has been trending higher in a well-defined ascending channel, with the upper trendline acting as a resistance level and the lower trendline providing support. Currently, the price is testing the upper trendline and has formed a bullish flag pattern, indicating a potential breakout to the upside.
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.
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.