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Gold Surges to $3,493 — Reversal Signals Target $3,450 on Profit
XAUUSD
, 15
Short
XAUUSD: Gold Surges to $3,493 — Reversal Signals Target $3,450 on Profit
Updated 

Gold Spot (XAU/USD) has extended its bullish rally on the 15-minute chart, reaching a high of $3,493.42 with a +2.01% gain. The price sharply broke out of an ascending channel that began around April 19, indicating strong upward momentum. However, this breakout may also be a sign of exhaustion, as a corrective move is anticipated. A bearish retracement is...

Gold Price Breaks Rising Channel – Potential Bearish Reversal
XAUUSD
, 15
Short
XAUUSD: Gold Price Breaks Rising Channel – Potential Bearish Reversal

This 15-minute Gold Spot (XAU/USD) chart highlights a significant technical development as price action has broken below a well-defined ascending channel. After a strong bullish rally, indicated by the upward-sloping channel, the price peaked near the $3,440 level before forming a bearish reversal pattern. The highlighted area shows a potential double top or...

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