GOLD Bullish Continuation - Will Buyers Push Toward 3,084$?

Mar 26

XAUUSD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone which has now flipped to support, aligning with a potential bullish continuation.

With momentum favoring the upside, the price could move toward the 3,084$ level, which aligns with the midline of the channel. However, a failure to hold this level could indicate a potential shift in momentum.

Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.

Let me know your thoughts or any additional insights you might have! 🚀

Mar 27

Trade active

Mar 28

Trade closed: target reached

Take Profit Reached