Hey everyone, it's Kilian here!
Gold is at a very interesting phase right now. After experiencing a strong price surge within a parallel ascending channel, the market is now showing signs of consolidation at these high levels. This suggests that the buyers still have control, and the bullish momentum remains intact for now.
If the price manages to break through this area with a strong bullish candle and high volume, it will confirm the dominance of the buyers and open up the potential for a new rally towards the target around 4.130, which aligns with the upper boundary of the channel.
However, if the price fails to break through and is instead rejected by strong selling pressure, the appearance of a large bearish candle could signal that the upward momentum is weakening. In this scenario, the price may fall back to test the lower boundary of the channel.
Gold is at a very interesting phase right now. After experiencing a strong price surge within a parallel ascending channel, the market is now showing signs of consolidation at these high levels. This suggests that the buyers still have control, and the bullish momentum remains intact for now.
If the price manages to break through this area with a strong bullish candle and high volume, it will confirm the dominance of the buyers and open up the potential for a new rally towards the target around 4.130, which aligns with the upper boundary of the channel.
However, if the price fails to break through and is instead rejected by strong selling pressure, the appearance of a large bearish candle could signal that the upward momentum is weakening. In this scenario, the price may fall back to test the lower boundary of the channel.
Trade active
¡Únete a nuestra comunidad gratuita de Forex, Oro y Bitcoin!
Haz clic aquí: t.me/+E4ZNW3ZeXiQ1Y2M9
✅ 7-10 señales premium diarias
✅ Actualizaciones rápidas y notificaciones precisas
¡Únete ahora y lleva tu trading al siguiente nivel! 🚀📈
Haz clic aquí: t.me/+E4ZNW3ZeXiQ1Y2M9
✅ 7-10 señales premium diarias
✅ Actualizaciones rápidas y notificaciones precisas
¡Únete ahora y lleva tu trading al siguiente nivel! 🚀📈
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.
¡Únete a nuestra comunidad gratuita de Forex, Oro y Bitcoin!
Haz clic aquí: t.me/+E4ZNW3ZeXiQ1Y2M9
✅ 7-10 señales premium diarias
✅ Actualizaciones rápidas y notificaciones precisas
¡Únete ahora y lleva tu trading al siguiente nivel! 🚀📈
Haz clic aquí: t.me/+E4ZNW3ZeXiQ1Y2M9
✅ 7-10 señales premium diarias
✅ Actualizaciones rápidas y notificaciones precisas
¡Únete ahora y lleva tu trading al siguiente nivel! 🚀📈
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.