Gold- Where to?
Since the beginning of the year, XAU/USD has been trading in a well-defined ascending channel, which typically indicates continuation.
However, last week the price faced a strong ceiling at the old resistance around 2720, the level from which gold reversed sharply twice at the end of 2024.
At the time of writing, the price is 2707, and although I am bullish for the next period, I am currently out of the market, waiting for more confirmation.
However, last week the price faced a strong ceiling at the old resistance around 2720, the level from which gold reversed sharply twice at the end of 2024.
At the time of writing, the price is 2707, and although I am bullish for the next period, I am currently out of the market, waiting for more confirmation.
📈 Forex & XAU/USD Channel:
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