Gold appears to be exhibiting a bullish trend on the daily timeframe, following an ascending channel pattern. To capitalize on this momentum, it's prudent to wait for a confirmed breakout above the previous high and a successful retest before entering a buying position. This strategy enhances the probability of entering the market at an opportune moment, aligning with the upward trajectory of the asset.
Gold appears to be exhibiting a bullish trend on the daily timeframe, following an ascending channel pattern. To capitalize on this momentum, it's prudent to wait for a confirmed breakout above the previous high and a successful retest before entering a buying position. This strategy enhances the probability of entering the market at an opportune moment, aligning with the upward trajectory of the asset.