GOLD => $4000 The MagnetGold has been pushing higher within its bullish log-chart structure, moving inside two rising channels (red short-term and blue long-term).
The interesting part? The $4000 level is acting like a magnet, and it happens to intersect with the upper bound of both channels. This rare confluence makes $4000 a key level to watch.
As long as the bullish momentum holds, Gold remains on track toward this magnet level. But once there, the reaction will be critical, a clean breakout could open the door for fresh highs, while a rejection may trigger a correction before continuation.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
