Gold Lacks a Healthy Correction

Oct 8

Gold has been trending steadily within an ascending channel, with buyers keeping control and driving price higher and higher.

And recently price broke above the channel, but it lacked conviction and price is falling back inside the channel.

This might signal buyer exhaustion and a potential shift in momentum. If sellers take over decisively, price could retrace back toward the middle or lower boundary of the channel for a healthy correction.

Oct 9

Trade active