The target towards the psychological level of nearly 2050 usd

Antonia_Le Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trading Strategy for XAUUSD:

Today, gold prices continue to receive bullish support, briefly recovering to near $2035 as they reach the boundary of a parallel channel.

The upward trend is expected to aim for higher levels around the psychological area of $2050 before a subsequent correction occurs after the metal touches the upper limit of the parallel price channel again.

What are your thoughts on the upcoming trend for gold?
Trade active

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.