Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌Monthly: Left Chart From a macro perspective, Gold has been generally bullish, trading within the rising brown channel.
For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown channel can be anticipated.
📌Weekly: Right Chart Meanwhile, from a medium to long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary.
As long as the 2075.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
Nice chart, Gold is always difficult to predict right! I feel a pullback is due though, too much liquidity has built up below, well it's just a "feeling" :-) Tx for all the hard work Rich much appreciated!
TheSignalyst
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@terblanchedeon, Salute Deon 👑 I agree, Gold price behavior is unique as it is an asset like no other.