Gold’s back on track, paying attention to momentum and hints

Jun 9

XAUUSD is still climbing steadily within its upward parallel channel, respecting structure beautifully as we’re now seeing early signs of bullish interest returning, right after we got a nice rejection from the support zone.

Currently I’m watching this bounce to have a target near 3,380, somewhere around the middle line of the ascending channel. If this bullish push continues with strong volume and momentum, I’ll be locking in that bias and planning my entry accordingly.

Patience first, I always wait for price to prove itself before getting involved.

• This could be a beautiful continuation…
  
• Or just one more fakeout before a deeper drop.
  

Jun 10

Trade active

7 days ago

Trade closed: target reached

Gold made 70% of the projected move and is now showing strong momentum, I anticipate it will continue to my target