GOLD - After upward movement, price can correct to support area

17 Apr

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

After a long, steady climb inside a rising channel, Gold pushed through local resistance and gained momentum.

The move extended beyond the channel's top, marking a fresh high near $3240 points, attracting strong attention.

But after this sharp push, the price began losing steam and rolled into a soft pullback phase.

Now, Gold is holding just above the $3160 area, retesting the zone that was previously broken upward.

Volume is slowing down, and the price action shows hesitation without follow-through on the upside.

I believe Gold could roll over from here and revisit the $3130 support area in the coming sessions.

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18 Apr

Dagangan aktif

Interesting, Gold little declined, so I'm still waiting for it to fall to my target fully.