Get started
Sober_Trading

Gold - 1H ascending channel

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Sober_Trading Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis Gold XAUUSD XAU USD dollar Silver Forex EURUSD nasdaq
4
0
trendanalysis chartpattern beyondta gold xauusd xau usd dollar silver forex eurusd nasdaq
After a bullish spike, I look for the formation of a channel to gauge the market's next move. It's a strategy that often reveals whether the initial surge is sustainable or just a temporary blip. In this chart, we see Gold forming an ascending channel post-spike, suggesting the uptrend may continue.
Comment:
The XAUUSD price is still in the ascending channel and the bullish target is upper than these levels.

snapshot
Comment:
Spot on! The channel performed perfectly. A toast to all the buyers who capitalized on this trend...

snapshot
Join our Telegram channel via this link for analysis and trading signals.
t.me/+LT1LpjRoXPg4NGU8
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.