ThinkingAntsOk

Update on Gold Futures (XAU/USD) by ThinkingAntsOk

COMEX:GC1!   Gold Futures
Main items we can see on the chart:

A) The price is retesting a major Support Resistance zone

B) We have 3 clear corrective Structures above the support zone

C) We can see an Ascending channel and currently, the price is on the lower zone

D) If the price doesn’t break the ascending channel and the support zone, we expect a continuation of the bullish movement towards the higher zone of the channel

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